EMERYVILLE, Calif. (AP) — EMERYVILLE, Calif. (AP) — Metagenomi Inc. (MGX) on Wednesday reported a loss of $10.7 million in its second quarter.
On a per-share basis, the Emeryville, California-based company said it had a loss of 29 cents.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 59 cents per share.
The genetic medicines company posted revenue of $20 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $14.8 million.
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