earnings
confidence high
sentiment neutral
materiality 0.60
Lexeo Therapeutics reports Q1 net loss $32.7M, cash $106.9M; LX2006 data positive
Lexeo Therapeutics, Inc.
2025-Q1 EPS reported
-$0.99
- Net loss of $32.7M ($0.99 per share) vs $21.7M ($0.77) in Q1 2024; R&D expense $17.2M, G&A $16.6M.
- Cash, cash equivalents and investments of $106.9M expected to fund operations into 2027.
- LX2006 in FA cardiomyopathy: interim data show 25% mean LVMI reduction and 115% avg frataxin increase; registrational study planned by early 2026.
- LX2020 (PKP2-ACM): Cohort 1 showed 71% and 115% PKP2 increases; enrolling cohort 3; interim update expected H2 2025.
- Redeployed $20M from non-cardiac pipeline; limited reduction in force of ~15% employees.