Y-mAbs Therapeutics Surges After Reporting Narrower Net Loss

Y-mAbs Therapeutics, Inc. (YMAB) shares are surging more than 48 percent on Friday morning trade after the company reported fourth-quarter profit of $1.157 million, compared to net loss of $36.89 million last year.

Total revenue for the quarter increased to $31.45 million from $9.59 million in the previous year.

Further, the company reiterated its financial guidance for 2023.

Currently, shares are at $5.23, up 58.97 percent from the previous close of $3.29 on a volume 4,082, 163.

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