earnings
confidence high
sentiment neutral
materiality 0.60
Lyra Therapeutics reports Q3 net loss $6.0M, plans new Phase 3 trial for LYR-210
Lyra Therapeutics, Inc.
2025-Q3 EPS reported
-$14.85
revenue$391,000
- Cash and cash equivalents $22.1M at Sep 30, 2025; cash runway into Q3 2026.
- Net loss for Q3 2025 was $6.0M, down from $11.9M in Q3 2024.
- R&D expenses decreased 32% to $4.0M; G&A decreased 43% to $2.2M due to cost reductions.
- Planning confirmatory Phase 3 trial of LYR-210 for CRS without nasal polyps following FDA meeting.
- Presented positive ENLIGHTEN 2 Phase 3 results at AAO-HNS meeting in October 2025.