RenovoRx (NASDAQ:RNXT) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

RenovoRx (NASDAQ:RNXT) announced its quarterly earnings results on Thursday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.01), FiscalAI reports. The firm had revenue of $1.07 million during the quarter, compared to analyst estimates of $1.06 million. RenovoRx had a negative net margin of 621.71% and a negative return on equity of 135.11%.

Here are the key takeaways from RenovoRx’s conference call:

• RenovoRx reported record third-quarter revenue of $1.07 million, up 17% sequentially and more than fourfold year over year, and maintained full-year 2026 revenue guidance of $3.75 million to $4.25 million.
• Active commercial cancer centers increased from 21 to 26, with more than 40 additional centers in the evaluation, approval, or activation pipeline. Management reiterated its year-end target of 36 active centers and cited repeat orders from most existing customers as a source of demand.
• Enrollment is complete in the Phase III TIGeR-PaC trial, with initial top-line results expected in the second half of 2027; the trial is evaluating targeted gemcitabine delivery against standard systemic therapy. Results are not yet available, and the timing leaves a substantial wait for a key clinical milestone.
• The company reported early expansion efforts beyond locally advanced pancreatic cancer, including a commercial sarcoma treatment and the first patient treated in a University of Vermont investigator-led trial of pre-surgical TAMP. These applications remain exploratory.
• RenovoRx posted a $3.6 million quarterly net loss, while SG&A rose to $2.9 million from $1.7 million a year earlier as it built commercial infrastructure. Cash was $10.4 million at quarter-end, which management said should fund operations into the second half of 2027; the balance included $3.5 million from warrant exercises.

RenovoRx Stock Performance

NASDAQ RNXT traded down $0.06 during trading on Friday, hitting $1.13. 1,845,235 shares of the company’s stock traded hands, compared to its average volume of 462,472. The stock has a market capitalization of $51.00 million, a price-to-earnings ratio of -3.65 and a beta of 1.12. RenovoRx has a 12-month low of $0.70 and a 12-month high of $2.59. The business has a 50 day moving average of $1.55 and a 200-day moving average of $1.11.

Analyst Upgrades and Downgrades

RNXT has been the topic of several recent research reports. Weiss Ratings raised shares of RenovoRx from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, September 2nd. Wall Street Zen upgraded shares of RenovoRx from a “sell” rating to a “hold” rating in a research note on Sunday, November 1st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $8.50.

RenovoRx Company Profile

RenovoRx, Inc is a clinical-stage biopharmaceutical company developing targeted treatments for solid tumors. The company’s approach is based on its Trans-Arterial Micro-Perfusion (TAMP) platform, which is designed to deliver chemotherapy directly into tumor tissue through the arterial system while limiting exposure to surrounding healthy tissue.

RenovoRx’s lead investigational product, RenovoCath, is a localized drug-delivery system intended to support the administration of anticancer therapies to tumors.