EL SEGUNDO, Calif. (AP) — EL SEGUNDO, Calif. (AP) — Beyond Meat Inc. (BYND) on Wednesday reported a loss of $44.9 million in its fourth quarter.
On a per-share basis, the El Segundo, California-based company said it had a loss of 65 cents.
The plant-based meat company posted revenue of $76.7 million in the period.
For the year, the company reported that its loss narrowed to $160.3 million, or $2.43 per share. Revenue was reported as $326.5 million.
Beyond Meat expects full-year revenue in the range of $320 million to $335 million.
In the final minutes of trading on Wednesday, the company’s shares hit $3.56. A year ago, they were trading at $7.45.
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