EMERYVILLE, Calif. (AP) — EMERYVILLE, Calif. (AP) — Metagenomi Inc. (MGX) on Wednesday reported a loss of $18.8 million in its third quarter.
The Emeryville, California-based company said it had a loss of 51 cents per share. Losses, adjusted for non-recurring costs, came to 45 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 70 cents per share.
The genetic medicines company posted revenue of $11.5 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $10.6 million.
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