Overview
* Abeona Q3 net income and EPS beat analyst expectations
* Company's cash position at $207.5 mln, sufficient for over two years of operations
Outlook
* Company anticipates ZEVASKYN patient treatments to start in 4Q 2025
* Abeona sees strong patient demand and expanding treatment site network
Result Drivers
* PATIENT DEMAND - Abeona reports strong and growing patient demand for ZEVASKYN despite treatment delay
* TREATMENT CENTER EXPANSION - Strategic expansion of QTC network with three activated centers and more onboarding
* MARKET ACCESS - Broad market access with commercial payer coverage and CMS J-code for ZEVASKYN
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 EPS Beat -$0.10 -$0.29
(7
Analysts
)
Q3 Net Beat -$5.16 -$16.90
Income mln mln (7
Analysts
)
Q3 Miss -$24.02 -$18.20
Income mln mln (7
From Analysts
Operatio )
ns
Q3 Cash $207.50
& mln
Investme
nts
Analyst Coverage
* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
* The average consensus recommendation for the pharmaceuticals peer group is "buy."
* Wall Street's median 12-month price target for Abeona Therapeutics Inc ( ABEO ) is $20.00, about 79.1% above its November 11 closing price of $4.17
Press Release:
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)