logo
  

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
When Can We Expect Starlink to Go Public? This question got an answer from Tesla and SpaceX CEO Elon Musk, who said he will only publicly list SpaceX's satellite internet service Starlink when its revenue is more predictable. Musk was responding to a users tweet, "Any thoughts on Starlink IPO we would love to invest in the future. Any thoughts on first dibs for Tesla retail investors?" John David McAfee, who founded the antivirus software company McAfee Associates, has been found dead in a prison cell in Spain shortly after a Spanish court agreed to extradite him to the US to face tax evasion charges, multiple reports said. He was arrested in Spain in October 2020 after being accused of failing to file tax returns for four years. While reporting financial results for the first quarter of fiscal 2022 on Thursday, drugstore chain Rite Aid Corp. (RAD) initiated its adjusted loss and total revenue guidance for the full-year 2022, below analysts' estimates. For fiscal 2022, the company now projects an adjusted loss in a range...
Follow RTT