RenovoRx (NASDAQ:RNXT) Posts Earnings Results

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

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

Shares of NASDAQ:RNXT traded down $0.12 during trading on Thursday, hitting $1.19. The company’s stock had a trading volume of 344,808 shares, compared to its average volume of 367,197. The business has a 50 day moving average price of $1.55 and a two-hundred day moving average price of $1.11. RenovoRx has a fifty-two week low of $0.70 and a fifty-two week high of $2.59.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Weiss Ratings raised RenovoRx from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, September 2nd. Wall Street Zen raised shares of RenovoRx from a “sell” rating to a “hold” rating in a research note on Sunday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $8.50.

About RenovoRx

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.