Black Diamond Therapeutics Q4 net loss narrows, full-year profit turns positive
Overview
US oncology drug developer posted Q4 net loss, narrowing from prior year
Full-year net income turned positive
R&D and G&A expenses fell
Outlook
Black Diamond expects cash position to fund operations into 2H 2028
Result Drivers
COST REDUCTIONS - Co said lower R&D and G&A expenses were due to workforce efficiencies, restructuring, and portfolio focus
Company press release: ID:nGNXbY7cGL
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Net Income |
| -$15.1 mln |
|
Q4 Basic EPS |
| -$0.27 |
|
Q4 Income From Operations |
| -$17.61 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "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 Black Diamond Therapeutics Inc is $8.50, about 300.9% above its March 13 closing price of $2.12
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