CytomX Therapeutics: Q1 Earnings Snapshot
By AP News
Published - May 09, 2023, 04:29 PM ET
Last Updated - Jun 21, 2023, 09:25 PM EDT
SOUTH SAN FRANCISCO, Calif. (AP) — SOUTH SAN FRANCISCO, Calif. (AP) — CytomX Therapeutics Inc. (CTMX) on Tuesday reported a loss of $3.3 million in its first quarter.
The South San Francisco, California-based company said it had a loss of 5 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.
The biopharmaceutical company posted revenue of $23.5 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $22.3 million.
