CAMBRIDGE, Mass. (AP) — CAMBRIDGE, Mass. (AP) — Black Diamond Therapeutics, Inc. (BDTX) on Thursday reported a loss of $16 million in its fourth quarter.
On a per-share basis, the Cambridge, Massachusetts-based company said it had a loss of 28 cents.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 31 cents per share.
For the year, the company reported that its loss narrowed to $69.7 million, or $1.27 per share.
In the final minutes of trading on Thursday, the company’s shares hit $1.90. A year ago, they were trading at $4.42.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BDTX at https://www.zacks.com/ap/BDTX
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