MCRB
Seres Therapeutics, Inc.16.20
+0.30+1.89%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
146.55MP/E (TTM)
18.41Basic EPS (TTM)
0.88Dividend Yield
0%Recent Filings
8-K
10-Q
10-Q
Q2 FY2025 results
Seres Therapeutics posted a Q2 net loss from continuing operations of $19.9M, narrower than the $26.2M loss a year earlier, thanks to lower R&D and G&A expenses amid post-VOWST sale streamlining. Operating expenses fell 14% y/y to $24.9M, driven by reduced headcount and completed SER-155 Phase 1b trials, while manufacturing services under the Nestlé TSA added $1.7M. Cash stood at $45.4M at quarter-end, up from $30.8M year-start, bolstered by a $50M installment from the VOWST deal, yet funding needs loom for SER-155's Phase 2 push. The company eyes partnerships to fuel pipeline progress. Substantial competition in microbiome therapeutics poses ongoing risks.
8-K
Seres Q2 loss narrows
Seres Therapeutics reported Q2 2025 results, posting a $19.9 million net loss from continuing operations, down from $26.2 million last year, thanks to lower R&D and G&A costs post-VOWST sale. The company submitted a Phase 2 protocol for SER-155 to prevent bloodstream infections in allo-HSCT patients, eyeing interim results in 12 months. Cash stands at $45.4 million, runway to Q1 2026. Leadership shifted to co-CEOs amid funding talks. Deal structures vary.
8-K
CEO resigns; co-CEOs appointed
Seres Therapeutics announced CEO Eric Shaff's resignation effective July 31, 2025, while he stays on the board and provides transition advice for a prorated 2025 bonus tied to performance or a key deal. CFO Marella Thorell and CLO Thomas DesRosier step up as co-CEOs and co-presidents from August 1, each earning a $500,000 bonus paid in thirds, with later portions at risk if they leave early. Leadership shakeup aims for smooth handover amid biotech pressures. Transitions carry execution risks.
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