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Ocular Therapeutix: Q1 Earnings Snapshot
By Ap News - May 07, 2024, 04:42 PM ET
Last Updated - May 07, 2024, 04:42 PM EDT
BEDFORD, Mass. (AP) — BEDFORD, Mass. (AP) — Ocular Therapeutix Inc. (OCUL) on Tuesday reported a loss of $64.8 million in its first quarter.
On a per-share basis, the Bedford, Massachusetts-based company said it had a loss of 49 cents. Losses, adjusted to extinguish debt and for non-recurring costs, were 24 cents per share.
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The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The biotechnology company posted revenue of $14.8 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $15.4 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OCUL at https://www.zacks.com/ap/OCUL
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