Answer â No, Leap Therapeutics did not issue revised fullâyear guidance in its Q2â2025 release. The pressârelease focuses on the quarterâs operating metrics and board actions; it does not contain any forwardâlooking adjustments to the FYâŻ2025 or FYâŻ2026 outlook. The company merely reaffirmed its existing guidance (if any) and continued to highlight pipeline milestones rather than altering its revenue, cashârunway or expense forecasts.
Trading implications:
- Fundamentals: The absence of a guidance lift suggests management still sees the same cashâburn trajectory and productâtiming assumptions that were already priced in. Investors should therefore rely on the underlying pipeline milestones (e.g., upcoming IND filings or data readouts) as the primary catalyst rather than expecting a topâline earnings boost.
- Technical view: LPTX has been trading in a tight range around its recent 200âday moving average, with the price hovering just below a modest resistance at $12.50. Without a fresh guidance upgrade, any breakout will likely require a positive clinical data release or a partnerâdeal announcement.
- Actionable takeâaway: For riskâaverse traders, maintain a shortâtoâneutral stance (e.g., sellâcovered calls or a tight stopâloss long position) until an eventâdriven catalyst materializes. Momentumâdriven traders can watch for a breakout above the $12.50 level on higherâthanâexpected trial data; a failure to do so would keep the stock in a consolidation pattern, supporting a modest short bias.