BOSTON (AP) — BOSTON (AP) — Monte Rosa Therapeutics Inc. (GLUE) on Tuesday reported a loss of $46.1 million in its fourth quarter.
The Boston-based company said it had a loss of 55 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 47 cents per share.
The biopharmaceutical company posted revenue of $2.8 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $10.3 million.
For the year, the company reported a loss of $38.6 million, or 46 cents per share. Revenue was reported as $123.7 million.
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