EMERYVILLE, Calif. (AP) — EMERYVILLE, Calif. (AP) — Metagenomi Inc. (MGX) on Tuesday reported a loss of $25 million in its first quarter.
On a per-share basis, the Emeryville, California-based company said it had a loss of 68 cents.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 62 cents per share.
The genetic medicines company posted revenue of $4.1 million in the period.
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