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01/11 11:22
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Access earnings results, analyst expectations, report, slides, earnings call, and transcript.
The earnings call summary indicates financial challenges with ongoing net losses and increased expenses, despite having cash to fund operations into Q3 2025. There are competitive and supply chain risks, and a lack of shareholder return plans. The Q&A reveals management's unclear responses and inability to provide guidance, raising uncertainty. While there is interest in partnerships, no specific details were provided. Overall, these factors suggest a negative sentiment, likely leading to a stock price decline in the range of -2% to -8% over the next two weeks.
The earnings call summary indicates a positive sentiment with improved net losses, increased other income, and the potential for accelerated regulatory pathways for key programs. The Q&A section reveals optimism from the MS community and potential partnerships, despite some uncertainties in timelines and study designs. These factors, combined with a 22.3% improvement in net loss year-over-year, suggest a positive stock price movement over the next two weeks.
All transcripts are sourced directly from the official live webcast or the company’s official investor relations website. We use the exact words spoken during the call with no paraphrasing of the core discussion.
Full verbatim transcripts are typically published within 4–12 hours after the call ends. Same-day availability is guaranteed for all S&P 500 and most mid-cap companies.
No material content is ever changed or summarized in the “Full Transcript” section. We only correct obvious spoken typos (e.g., “um”, “ah”, repeated 10 times”, or clear misspoken ticker symbols) and add speaker names/titles for readability. Every substantive sentence remains 100% as spoken.
When audio quality is poor or multiple speakers talk over each other, we mark the section instead of guessing. This ensures complete accuracy rather than introducing potential errors.
They are generated by a specialized financial-language model trained exclusively on 15+ years of earnings transcripts. The model extracts financial figures, guidance, and tone with 97%+ accuracy and is regularly validated against human analysts. The full raw transcript always remains available for verification.
