Overview
* DiaMedica Q3 net loss and EPS missed analyst expectations
* Cash and investments increased to $55 mln, providing runway into 2H 2027
Outlook
* Company anticipates cash runway into 2H 2027
Result Drivers
* R&D EXPENSES - Increased due to progress in ReMEDy2 trial and Phase 2 IST in preeclampsia
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 EPS Miss -$0.17 -$0.16
(3
Analysts
)
Q3 Net Miss -$8.62 -$8.13
Income mln mln (3
Analysts
)
Q3 Miss -$9.03 -$8.33
Operatin mln mln (3
g Income Analysts
)
Q3 Cash $55.30
& mln
Investme
nts
Q3 -$8.61
Pretax mln
Profit
Analyst Coverage
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 DiaMedica Therapeutics Inc ( DMAC ) is $12.00, about 46.8% above its November 11 closing price of $6.39
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.)