MARLBOROUGH, Mass. (AP) — MARLBOROUGH, Mass. (AP) — Akoya Biosciences Inc. (AKYA) on Monday reported a loss of $18.9 million in its fourth quarter.
The Marlborough, Massachusetts-based company said it had a loss of 50 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 41 cents per share.
The tissue analysis provider posted revenue of $21.2 million in the period.
For the year, the company reported that its loss widened to $70.6 million, or $1.87 per share. Revenue was reported as $74.9 million.
Akoya shares have risen 17% since the beginning of the year. In the final minutes of trading on Monday, shares hit $11.15, an increase of 11% in the last 12 months.
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