Overview
* Compass Therapeutics ( CMPX ) reports Q3 net loss of $14.3 mln, increased R&D expenses
* Company holds $220 mln in cash, providing runway into 2028
* New response observed in CTX-8371 Phase 1 study, no dose-limiting toxicities
Outlook
* Compass expects to report OS and PFS data for tovecimig in late Q1 2026
* CTX-8371 topline data to be presented in H1 2026
* CTX-10726 IND filing planned for Q4 2025
Result Drivers
* INCREASED R&D EXPENSES - R&D expenses increased due to manufacturing and IND-enabling costs related to CTX-10726
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 Net -$14.25
Income mln
Q3 Basic -$0.08
EPS
Q3 -$15.81
Income mln
From
Operatio
ns
Analyst Coverage
* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 11 "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 Compass Therapeutics Inc. ( CMPX ) is $10.00, about 62.1% above its November 4 closing price of $3.79
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.)