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Crinetics Pharmaceuticals Inc. (CRNX) Shares Soar 11.91% on 150% Revenue Surge
Generated by AI AgentAinvest Pre-Market Radar
Friday, Aug 8, 2025 5:49 am ET1min read
Aime SummaryCrinetics Pharmaceuticals Inc. (CRNX) shares surged 11.91% in pre-market trading on August 8, 2025, driven by a significant jump in revenue for the second quarter of the year.
Crinetics reported a 150% increase in GAAP revenue for Q2 2025, reaching $1.0 million. This figure surpassed analyst expectations by 62.9%, primarily due to licensing income. However, the company's GAAP net loss per share widened to $(1.23) during the same period.
Despite the net loss, the substantial revenue growth has bolstered investor confidence in Crinetics' future prospects. The company's ability to exceed revenue expectations through licensing agreements suggests a strong pipeline and potential for further growth.
Looking ahead,
is expected to continue its momentum, with analysts projecting positive earnings and revenue growth in the coming quarters. The company's focus on licensing income and strategic partnerships is likely to drive future financial performance.
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