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NASDAQ:EVLO

Evelo Biosciences Q3 2023 Earnings Results & Report

Evelo Biosciences logo

Evelo Biosciences beat analyst earnings expectations in its Q3 2023 results, released November 9, 2023. The company reported EPS of -$0.66 versus the -$1.34 consensus estimate.

Earnings Announcement Details

Quarter
Q3 2023
Report Date

Evelo Biosciences EPS Results

Actual EPS
-$0.66
Consensus EPS
-$1.34
Beat/Miss
Beat by +$0.68
One Year Ago EPS
N/A
EPS Beat Rate
7 of last 8 quarters

Evelo Biosciences Revenue Results

Actual Revenue
N/A
Expected Revenue
N/A
Beat/Miss
N/A
YoY Revenue Growth
N/A

Upcoming Earnings

Evelo Biosciences' next earnings date is estimated for Tuesday, November 17, 2026, based on past reporting schedules.

Conference Call Resources

Evelo Biosciences Q3 2023 Earnings FAQ

Evelo Biosciences (NASDAQ:EVLO) reported earnings of -$0.66 per share for Q3 2023, beating the consensus estimate of -$1.34. The report was announced on Thursday, November 9, 2023.

Evelo Biosciences' next earnings date is estimated for Tuesday, November 17, 2026. MarketBeat tracks confirmed and estimated earnings dates for Evelo Biosciences on the company's earnings history page.

Evelo Biosciences Earnings Headlines

Evelo Biosciences Inc.
Evelo Biosciences
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About Evelo Biosciences

Evelo Biosciences (NASDAQ:EVLO) was a clinical-stage biotechnology company focused on developing orally administered medicines designed to act on the small intestine and influence systemic immune responses. Its approach, known as the SINTAX platform, was intended to use selected microbes or microbial-derived signals to modulate immune activity without requiring traditional systemic drug delivery.

The company’s development programs targeted inflammatory and immune-mediated diseases, as well as oncology indications. Its lead candidates included EDP1815, an investigational therapy studied in conditions such as psoriasis and atopic dermatitis, and EDP2939, an investigational program designed to stimulate immune responses for potential use in cancer treatment.

Evelo was headquartered in Cambridge, Massachusetts, and conducted clinical development activities through research and trial networks in the United States and other regions. In 2023, the company announced that it was discontinuing clinical development activities, reducing its workforce and evaluating strategic alternatives. As a result, Evelo Biosciences is best understood as a former clinical-stage biotechnology company rather than an active developer with a broad commercial product portfolio.

View Evelo Biosciences Profile