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Metabolix Loss Narrows

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Metabolix Inc. (MBLX), Tuesday reported fourth-quarter net loss of $9.4 million, compared to net loss of $9.6 million. On a per share basis, loss for the quarter remained unchanged from the prior year at $0.28.

Total revenue in the quarter was $1.4 million, compared to $0.4 million a year ago.

Analysts polled by Thomson Reuters estimated a loss of $0.26 a share on revenues of $1.23 million for the quarter.

Total expenses for the quarter were higher at $10.9 million, compared to $10.06 million last year.

A bioscience company, Metabolix delivers sustainable solutions to the plastics, chemicals and energy industries.

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