financetom
Business
financetom
/
Business
/
Gossamer Bio Q2 revenue drops 88%
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Gossamer Bio Q2 revenue drops 88%
Aug 5, 2025 1:44 PM

Overview

* Gossamer Bio ( GOSS ) Q2 revenue drops to $11.5 mln from $95.8 mln yr/yr

* Net loss for Q2 2025 at $38.3 mln, impacted by absence of one-time license revenue

* Topline results from Phase 3 PROSERA Study expected in February 2026

Outlook

* Gossamer Bio ( GOSS ) expects topline PROSERA Study results in February 2026

* Company plans first site activations for SERANATA Study in Q4 2025

* Gossamer Bio ( GOSS ) expects cash reserves to fund operations into 2027

Result Drivers

* REVENUE DECLINE - Co attributes revenue drop to absence of one-time license revenue from collaboration with Chiesi

* CLINICAL TRIALS - Completion of enrollment for Phase 3 PROSERA Study in PAH patients

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS -$0.17

Q2 Net -$38.27

Income mln

Q2 Basic -$0.17

EPS

Q2 $50.25

Operatin mln

g

Expenses

Q2 -$38.76

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 2 "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 Gossamer Bio Inc ( GOSS ) is $8.00, about 72.9% above its August 4 closing price of $2.17

Press Release:

(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.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
WisdomTree Gets Trust Company Charter From New York Regulator
WisdomTree Gets Trust Company Charter From New York Regulator
Mar 22, 2024
10:13 AM EDT, 03/22/2024 (MT Newswires) -- WisdomTree ( WT ) said Friday that the New York State Department of Financial Services has granted it a charter to operate as a limited purpose trust company. With the charter, WisdomTree ( WT ) said it will launch WisdomTree Prime in New York. The charter allows the company to offer digital wallet...
Max Power Mining Secures BLM Permits For Phase 2 Drilling at Willcox Lithium Project
Max Power Mining Secures BLM Permits For Phase 2 Drilling at Willcox Lithium Project
Mar 22, 2024
10:13 AM EDT, 03/22/2024 (MT Newswires) -- Max Power Mining Corp. ( MAXXF ) said Friday that it has secured permits from the Bureau of Land Management for phase 2 drilling at Willcox Lithium Project. The company said initial assays are expected shortly from first-ever diamond drilling at the Willcox Playa in southeast Arizona with MAX Power having completed a...
--Digital World Acquisition Gains Ahead of Shareholder Meeting to Vote on Merger With Trump Media & Technology Group
--Digital World Acquisition Gains Ahead of Shareholder Meeting to Vote on Merger With Trump Media & Technology Group
Mar 22, 2024
10:10 AM EDT, 03/22/2024 (MT Newswires) -- Price: 45.89, Change: +3.08, Percent Change: +7.19 ...
Belite Bio Completes Regulatory Submission for Tinlarebant's Clinical Trial in Japan
Belite Bio Completes Regulatory Submission for Tinlarebant's Clinical Trial in Japan
Mar 22, 2024
10:10 AM EDT, 03/22/2024 (MT Newswires) -- Belite Bio ( BLTE ) said Friday that it has completed the submission to Japan's Pharmaceuticals and Medical Devices Agency to start a clinical trial of its Tinlarebant product candidate in patients with Stargardt Disease. The company said the planned trial is a combination of a phase 1b study to evaluate the pharmacokinetics...
Copyright 2023-2026 - www.financetom.com All Rights Reserved