Overview
Kymera Q2 revenue misses analyst expectations, net income also missed, per LSEG data
Co remains well-capitalized with $1 bln cash, strategic partnership with Gilead
Outlook
Company has cash runway into second half of 2028
Kymera's Gilead partnership could yield up to $750 mln
Result Drivers
GILEAD PARTNERSHIP - Strategic partnership to develop CDK2 degraders, with potential payments up to $750 mln
CASH POSITION - Well-capitalized with $1 bln cash, providing runway into the second half of 2028
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Miss | $11.48 mln | $23.40 mln (19 Analysts) |
Q2 EPS |
| -$0.95 |
|
Q2 Net Income | Miss | -$76.61 mln | -$66.80 mln (18 Analysts) |
Q2 Operating Expenses |
| $96.03 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 20 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the biotechnology & medical research peer group is "buy."
Wall Street's median 12-month price target for Kymera Therapeutics Inc is $60.00, about 32.3% above its August 8 closing price of $40.62
Press Release: ID:nGNX8Xp8j3