BEDFORD, Mass. (AP) — BEDFORD, Mass. (AP) — Homology Medicines Inc. (FIXX) on Thursday reported a loss of $34.3 million in its fourth quarter.
The Bedford, Massachusetts-based company said it had a loss of 60 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 51 cents per share.
The gene editing company posted revenue of $802,000 in the period.
For the year, the company reported that its loss narrowed to $5 million, or 9 cents per share. Revenue was reported as $3.2 million.
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