The earnings call reflects significant regulatory progress and strong financial positioning through successful funding. However, these positives are counterbalanced by increased losses and rising expenses, primarily due to share-based compensation and trial costs.
Company Guidance
During the Belite Bio Third Quarter 2025 Earnings Call, the company shared significant updates and guidance for their clinical and financial progress. Key clinical developments included the completion of enrollment for the Phase III PHOENIX trial with 530 subjects for GA, and the completion of the Phase III DRAGON trial for Stargardt's disease, with final top-line data expected by the end of November 2025. The DRAGON II trial is ongoing with 35 out of the targeted 60 subjects enrolled. Regulatory advancements were highlighted, including acceptance for NDA priority review by China's NMPA and conditional marketing authorization by the U.K.'s MHRA based on interim analysis results from the DRAGON trial. Financially, the company reported Q3 2025 R&D expenses of $10.3 million, up from $6.8 million in 2024, and G&A expenses of $12.7 million, up from $2.9 million. The net loss for the quarter was $21.7 million, with a significant portion attributed to $12.9 million in non-cash share-based compensation expenses. The company further strengthened its financial position by completing a $50 million registered direct offering and a $125 million private placement, with potential additional proceeds of $165 million from warrant exercises, resulting in $275.6 million in cash and liquidity at the end of the quarter. These funds are expected to support ongoing clinical trials and commercialization efforts.
Regulatory Progress in Key Markets
Positive feedback from major regulatory agencies, including China's NMPA and the U.K.'s MHRA, agreeing to accept priority and conditional marketing authorization applications based on interim analysis results from the Phase III DRAGON trial.
Successful Funding Initiatives
Completed a $50 million registered direct offering and a $125 million private placement, with the potential for an additional $165 million upon full warrant exercise, resulting in a strong cash position of $275.6 million.
Advancement in Clinical Trials
Completed enrollment of the Phase III PHOENIX trial for GA with 530 subjects and the Phase III DRAGON trial for Stargardt's disease, with ongoing enrollment in the DRAGON II trial.
Belite Bio, Inc. ADR (BLTE) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BLTE Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 10, 2025
$117.34
―
―
Aug 11, 2025
$69.88
$69.50
-0.54%
May 14, 2025
$60.89
$61.60
+1.17%
Mar 17, 2025
$67.44
$67.81
+0.55%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Belite Bio, Inc. ADR (BLTE) report earnings?
Belite Bio, Inc. ADR (BLTE) is schdueled to report earning on Mar 27, 2026, Before Open (Confirmed).
What is Belite Bio, Inc. ADR (BLTE) earnings time?
Belite Bio, Inc. ADR (BLTE) earnings time is at Mar 27, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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