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Compass Pathways Shares Rise Amid Wider Q2 Loss, Higher Operating Expenses

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Compass Pathways (CMPS) shares rose more than 6% in recent trading Wednesday amid a wider Q2 loss and higher operating expenses.

The company reported a Q2 loss of $1.88 per diluted share, compared with a loss of $0.41 a year earlier. Analysts surveyed by FactSet expected a loss of $0.33.

Operating expenses were $52.4 million for the quarter ended June 30, up from $42.9 million a year ago.

As of June 30, cash and cash equivalents were $433.3 million. The company said its current cash position is expected to be sufficient to fund operating expenses and capital expenditure requirements into 2028.

Price: $12.51, Change: $+0.71, Percent Change: +6.02%

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