earnings
confidence high
sentiment neutral
materiality 0.60
Opus Genetics Q1 net loss $8.2M; cash $41.8M; LCA5 gene therapy shows sustained 12-month efficacy
Opus Genetics, Inc.
2025-Q1 EPS reported
-$0.24
revenue$4,370,000
- Net loss of $8.2M ($0.24 per share) vs $7.1M ($0.29) in Q1 2024.
- Cash and equivalents $41.8M; management expects runway into Q2 2026.
- License revenue from Viatris was $4.4M, up from $1.7M YoY, primarily R&D reimbursement.
- OPGx-LCA5 Phase 1/2 data at ARVO show durable efficacy at 12 months; pediatric cohort enrollment started.
- Topline data for LYNX-2 (dim light) and VEGA-3 (presbyopia) Phase 3 trials expected mid-2025 and H1 2025, respectively.