SALT LAKE CITY (AP) — SALT LAKE CITY (AP) — Recursion Pharmaceuticals Inc. (RXRX) on Wednesday reported a loss of $117.5 million in its first quarter.
The Salt Lake City-based company said it had a loss of 22 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 30 cents per share.
The biotechnology company posted revenue of $6.5 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $16.2 million.
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