Cortexyme Q1 Loss Widens
10:13 AM EDT, 05/10/2021 (MT Newswires) -- Cortexyme (CRTX) reported Thursday Q1 net loss of $0.78 per share, which widened from the $0.61 loss per share a year ago.
Consensus estimates were for a loss of $0.69 per share, according Capital IQ.
As of March 31, the company had cash, cash equivalents and marketable securities of $170.8 million. The company said its current cash balance is sufficient to support its operations through 2023.
Shares were 3.4% lower in morning session.
Price: 36.31, Change: -0.79, Percent Change: -2.13