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Metagenomi: Q1 Earnings Snapshot

Associated Press Finance
·1-min read

EMERYVILLE, Calif. (AP) — EMERYVILLE, Calif. (AP) — Metagenomi Inc. (MGX) on Tuesday reported a loss of $25.1 million in its first quarter.

The Emeryville, California-based company said it had a loss of $1.19 per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 95 cents per share.

The genetic medicines company posted revenue of $11.2 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $8.3 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MGX at https://www.zacks.com/ap/MGX