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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