Kiora Pharmaceuticals posts 2025 net loss as expenses rise

Overview

• US retinal disease biotech posted 2025 net loss, reversing prior yr profit

• R&D and G&A expenses rose in 2025, mainly due to clinical trial activity and personnel

• Company ended 2025 with $17.1 mln in cash, expects runway into late 2027

Outlook

• Company expects existing cash to fund operations into late 2027

Result Drivers

• CLINICAL TRIAL ACTIVITY - Higher R&D expenses were mainly driven by clinical trial activities for KIO-301 and KIO-104

• PERSONNEL COSTS - G&A expenses rose due to personnel and associated activities

• NON-CASH IMPAIRMENT - Q4 net loss was mainly due to a non-cash impairment charge related to KIO-104

Company press release: ID:nNFC3Z3WXl

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "buy"

• The average consensus recommendation for the biotechnology & medical research peer group is "buy"

• Wall Street's median 12-month price target for Kiora Pharmaceuticals Inc is $12.00, about 482.5% above its March 24 closing price of $2.06

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