Overview
Tyra Biosciences Q2 net loss widens to $28.1 mln from $18.7 mln last year
Basic EPS beats analyst expectations, despite increased R&D and G&A expenses
Co dosed first patient in SURF302 Phase 2 bladder cancer study
Outlook
Tyra expects cash reserves to support operations through at least 2027
Company anticipates Phase 2 readouts in SURF302 and BEACH301
Tyra sees significant opportunity in FGFR3-targeted therapies for bladder cancer
Company plans to dose first child in BEACH301 study in 3Q 2025
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Net Income |
| -$28.10 mln |
|
Q2 Basic EPS | Beat | -$0.47 | -$0.53 (8 Analysts) |
Q2 Operating Income | Beat | -$31.45 mln | -$33.50 mln (8 Analysts) |
Q2 Operating Expenses |
| $31.45 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 8 "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 Tyra Biosciences Inc is $30.00, about 64.2% above its August 13 closing price of $10.75
Press Release: ID:nPnc2yZXMa