INOVIO Q1 Results Miss Estimates; Stock Down

INOVIO (INO) reported that its first-quarter net loss widened to $54.4 million or $0.27 per share, from $32.5 million or $0.26 per share last year. Analysts polled by Thomson Reuters expected the company to report a loss of $0.18 per share for the first-quarter. Analysts' estimates typically exclude special items.

Total operating expenses were $52.9 million compared to $26.6 million for the same period in 2020.

Total revenue was $371 thousand compared to $1.3 million in the prior year. Analysts expected revenue of $850 thousand for the quarter.

INO closed Monday regular trading at $6.67 down $0.18 or 2.63%. In the after-hours trade, the stock further dropped $0.45 or 6.75%.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Green Field Farms Dairy has recalled its Whole Chocolate Milk product as a laboratory analysis indicated that the product was not effectively pasteurized, the U.S. Food and Drug Administration announced. The recall involves 1,242 units of the Whole Chocolate Milk with an expiration date of September 29, 2021. General Motors will start replacing defective battery modules in Chevrolet Bolt EVs and EUVs with new modules. The replacement battery modules will be shipped to dealers as soon as mid-October, the automaker said in a statement. CVS Health is set to recruit qualified candidates to fill 25,000 clinical and retail jobs during a one-day national career event on Friday, September 24. This will enable CVS to meet the high demand for pharmacists, pharmacy technicians, nurses, and retail store associates to support flu season, COVID-19 vaccinations and testing.
Follow RTT