Opus Genetics 2025 Q1 Earnings Mixed Results as Losses Widen 15.3%

Opus Genetics(IRD) reported its fiscal 2025 Q1 earnings on May 15th, 2025. The company experienced a substantial revenue growth of 155.4% compared to the same quarter last year. Despite this impressive revenue increase, Opus Genetics faced widened losses, with net income decreasing by 15.3% year-over-year. The company did not provide specific guidance adjustments, leaving analysts and investors to interpret the financial results in line with expectations. Further updates on the company's strategic milestones are anticipated in the coming quarters.

Revenue
The total revenue of Opus Genetics increased by 155.4% to $4.37 million in 2025 Q1, up from $1.71 million in 2024 Q1.

Earnings/Net Income
Opus Genetics narrowed losses to $0.24 per share in 2025 Q1 from a loss of $0.29 per share in 2024 Q1, marking a 17.2% improvement in EPS. However, the company's net loss widened to $-8.19 million in 2025 Q1, representing a 15.3% increase from the $-7.11 million loss recorded in 2024 Q1. Despite reducing per-share losses, the overall net income signals persistent financial challenges.

Price Action
The stock price of Opus Genetics has edged down 2.96% during the latest trading day, dropped 4.60% during the most recent full trading week, and surged 15.49% month-to-date.

Post Earnings Price Action Review
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CEO Commentary
"Opus is off to a strong start in 2025, with progress across our two product portfolios – the inherited retinal disease platform and the phentolamine eye drop franchise," said George Magrath, M.D., Chief Executive Officer. The positive 12-month data from the Phase 1/2 trial of OPGx-LCA5 demonstrates sustained treatment benefits in adult patients, with enrollment of pediatric patients ongoing. Dr. Magrath expressed optimism about the potential of their pipeline, which includes six additional gene therapy candidates for inherited retinal diseases, and highlighted a robust cash position following successful financing with leading institutional healthcare investors.

Guidance
Opus Genetics anticipates the completion of enrollment in the pediatric cohort for the OPGx-LCA5 study in Q2 2025, with initial multi-patient data expected in Q3 2025. The company also plans to initiate a Phase 1/2 study for the OPGx-BEST1 program by the end of 2025, with early data anticipated in Q1 2026. In the phentolamine eye drop pipeline, near-term clinical data readouts are expected from Phase 3 trials addressing dim light vision disturbances and presbyopia. The company aims to leverage recent funding to achieve these strategic milestones effectively.

Additional News
Within the past three weeks, Opus Genetics has made significant strides in its strategic initiatives. The company announced plans to initiate a Phase 1/2 trial for its OPGx-BEST1 gene therapy program in 2025, with preliminary data expected in early 2026. Additionally, Opus Genetics has been actively presenting at scientific conferences, sharing promising preclinical results for its investigational gene therapies, including OPGx-MERTK and OPGx-BEST1. These efforts reflect the company's ongoing commitment to advancing its pipeline and enhancing engagement within the biotech community.