earnings
confidence high
sentiment neutral
materiality 0.65
Tempest Q1 net loss $10.9M; cash $21.5M; exploring strategic alternatives
Tempest Therapeutics, Inc.
2025-Q1 EPS reported
-$3.16
- Cash and equivalents $21.5M at March 31, 2025, down from $30.3M at Dec 31, 2024.
- Net loss $10.9M ($3.16/share) vs $7.9M ($4.62/share) in Q1 2024; R&D expense $7.6M.
- Completed workforce reduction on April 30, 2025; repaid $3.5M loan to Oxford Finance.
- FDA granted Orphan Drug and Fast Track designations for amezalpat in HCC.
- TPST-1495 granted Orphan Drug for FAP; FDA allowed Phase 2 trial to proceed.