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RAPT Therapeutics Q2 net loss narrows to $17.6 mln, R&D expenses drop

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Overview

  • RAPT Q2 net loss narrows to $17.6 mln from $27.7 mln last year

  • Research and development expenses drop; General and administrative expenses rise

Result Drivers

  • R&D EXPENSES - Decreased to $12.3 mln on reduced spending on zelnecirnon and tivumecirnon, offset by increased costs for RPT904 and early-stage programs

  • G&A EXPENSES - Increased to $7.2 mln primarily due to higher consulting and facilities costs

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Net Income

-$17.64 mln

Q2 Basic EPS

-$0.65

Q2 Operating Expenses

$19.54 mln

Q2 Operating Income

-$19.54 mln

Press Release:

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