BLTE Stock - Belite Bio, Inc
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| Gross Margin | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $-39,996,000 | $-31,668,000 | $-12,821,000 | $-9,797,000 | $-5,743,000 |
| Net Income | $-36,144,000 | $-31,632,000 | $-12,648,000 | $-9,666,000 | $-5,753,000 |
| Net Margin | N/A | N/A | N/A | N/A | N/A |
| EPS | $-1.18 | $-1.19 | $-0.63 | $-0.40 | $-0.62 |
Belite Bio, Inc, a clinical-stage biopharmaceutical drug development company, engages in the research and development of novel therapeutics targeting atrophic age-related macular degeneration and autosomal recessive stargardt diseases. Its lead product candidate is LBS-008, an oral once-a-day treatment that can reduce and maintain the delivery of vitamin A to the eye to reduce the accumulation of toxic vitamin A by-products in ocular tissue that is in phase 3 clinical trial. The company is also developing LBS-009, an anti-retinol binding protein 4 oral therapy targeting liver disease, including non-alcoholic fatty liver disease, nonalcoholic steatohepatitis, and type 2 diabetes, which is in the preclinical development phase. Belite Bio, Inc was founded in 2016 and is based in San Diego, California. Belite Bio, Inc operates as a subsidiary of Lin Bioscience International Ltd.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 2nd 2025 | Mizuho | Upgrade | Outperform | $194 |
| November 24th 2025 | Cantor Fitzgerald | Resumed | Overweight | $154 |
| November 20th 2025 | Mizuho | Initiation | Neutral | $105 |
| December 14th 2023 | Maxim Group | Initiation | Buy | $60 |
| July 28th 2023 | Cantor Fitzgerald | Initiation | Overweight | $43 |
| July 26th 2023 | SVB Securities | Initiation | Outperform | $25 |
| August 1st 2022 | H.C. Wainwright | Initiation | Buy | $58 |
| July 1st 2022 | The Benchmark Company | Initiation | Buy | $57 |
Earnings History & Surprises
BLTEEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Mar 16, 2026 | $-0.53 | — | — | — |
Q4 2025 | Nov 10, 2025 | $-0.53 | $-0.65 | -22.6% | ✗ MISS |
Q3 2025 | Aug 11, 2025 | $-0.47 | $-0.50 | -6.4% | ✗ MISS |
Q2 2025 | May 13, 2025 | $-0.36 | $-0.45 | -25.0% | ✗ MISS |
Q1 2025 | Mar 17, 2025 | $-0.30 | $-0.32 | -6.7% | ✗ MISS |
Q4 2024 | Nov 12, 2024 | $-0.30 | $-0.28 | +6.7% | ✓ BEAT |
Q3 2024 | Aug 9, 2024 | $-0.28 | $-0.31 | -10.7% | ✗ MISS |
Q2 2024 | May 13, 2024 | $-0.34 | $-0.27 | +20.6% | ✓ BEAT |
Q1 2024 | Mar 11, 2024 | $-0.36 | $-0.25 | +30.6% | ✓ BEAT |
Q4 2023 | Nov 13, 2023 | $-0.31 | $-0.40 | -29.0% | ✗ MISS |
Q3 2023 | Aug 8, 2023 | $-0.24 | $-0.26 | -8.3% | ✗ MISS |
Q2 2023 | May 10, 2023 | $-0.20 | $-0.33 | -65.0% | ✗ MISS |
Q1 2023 | Mar 31, 2023 | $-0.22 | $-1.04 | -374.4% | ✗ MISS |
Q3 2022 | Sep 30, 2022 | — | $-0.10 | — | — |
Q3 2022 | Aug 10, 2022 | $-0.23 | $-0.12 | +49.7% | ✓ BEAT |
Q2 2022 | Apr 29, 2022 | — | $-0.26 | — | — |
Q1 2022 | Mar 31, 2022 | — | $-0.05 | — | — |
Q3 2021 | Sep 30, 2021 | — | $-0.26 | — | — |
Q2 2021 | Jun 30, 2021 | — | $-0.25 | — | — |
Q1 2021 | Mar 31, 2021 | — | $-0.25 | — | — |
Latest News
Mizuho Upgrades Belite Bio to Outperform, Raises Price Target to $194
📈 PositiveReported Earlier, Belite Bio Prices $350M Underwritten Public Offering Of 2.27M American Depositary Shares At $154 Each To Advance Retinal Therapeutics
📈 PositiveBelite Bio Announces Proposed Underwritten Public Offering Of American Depositary Shares; No Terms Disclosed
➖ NeutralHC Wainwright & Co. Maintains Buy on Belite Bio, Raises Price Target to $185
📈 PositiveBelite Bio shares are trading higher after the company reported Phase 3 DRAGON trial results showing tinlarebant reduced Stargardt disease lesion growth.
📈 PositiveBelite Bio Unveils Phase 3 DRAGON Trial Results Showing Tinlarebant Significantly Reduces Stargardt Disease Lesion Growth
📈 PositiveBelite Bio shares are trading higher. Cantor Fitzgerald assumed the stock at Overweight and announced a price target of $154.
📈 PositiveCantor Fitzgerald Assumes Belite Bio at Overweight, Announces Price Target of $154
📈 PositiveMizuho Initiates Coverage On Belite Bio with Neutral Rating, Announces Price Target of $105
➖ NeutralBelite Bio Q3 EPS $(0.65) Misses $(0.45) Estimate
📉 NegativeReported Sunday, Belite Bio Receives United Kingdom Medicines And Healthcare Products Regulatory Agency Agreement To Submit Conditional Marketing Authorization Application For Tinlarebant Following Positive Interim Results From Phase 3 DRAGON Trial
📈 PositiveBenchmark Maintains Buy on Belite Bio, Raises Price Target to $132
📈 PositiveBelite Bio Says Center For Drug Evaluation Of China's NMPA Agrees To Accept NDA With Priority Review For Tinlarebant For Treatment Of Stargardt Disease Based On Interim Analysis Results From Phase 3 DRAGON Trial
📈 PositiveHC Wainwright & Co. Maintains Buy on Belite Bio, Lowers Price Target to $98
📈 PositiveBelite Bio Completes Last Subject Visit In Phase 3 DRAGON Clinical Trial Evaluating Tinlarebant For Treatment Of Stargardt Disease Type 1
➖ NeutralBelite Bio Announces $125M PIPE Financing At $64/Share With 1.95M Shares and Warrants; Potential Additional $150M At $76.80/Share
📈 PositiveBelite Bio gets FDA breakthrough therapy status for Stargardt disease treatment
📈 PositiveFrequently Asked Questions about BLTE
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