Stealth BioTherapeutics (MITO) Reports In-Line Q3 EPS

Stealth BioTherapeutics (NASDAQ: MITO) reported Q3 EPS of ($0.04), in-line with the analyst estimate of ($0.04).

Net Loss:

• Net loss was $16.5 million, or $0.04 basic and diluted net loss per ordinary share for the three months ended September 30, 2019, as compared to $22.7 million, or $0.33 basic and diluted net loss per ordinary share for the same period in 2018.

"We're approaching a transformational stage in our company's development, with our recently announced partnership with Alexion and our anticipated pivotal data in primary mitochondrial myopathy in January bringing us even closer toward our goal of delivering transformative therapies to patients with rare, mitochondrial diseases," said Reenie McCarthy, Stealth's Chief Executive Officer. "On the clinical front, the long-term data from our Barth open-label extension, now showing improvement across multiple parameters of cardiac function suggestive of cardiac remodeling, increases our optimism in elamipretide as a potential therapy for this devastating disease. We're also excited to usher our new investigational candidate, SBT-272, into the clinic, following recently announced data in an ALS model highlighting its neuro-protective potential."

For earnings history and earnings-related data on Stealth BioTherapeutics (MITO) click here.

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