SPY424.31+0.70 0.17%
DIA345.12+0.14 0.04%
IXIC14,069.42+49.09 0.35%

MeiraGTx Reports Wider Q1 Loss; Revenue Improves

05/11/2021 05:19

09:15 AM EDT, 05/11/2021 (MT Newswires) -- MeiraGTx Holdings (MGTX) on Tuesday reported a Q1 net loss of $0.54 per share, compared with $0.43 loss per share a year ago. Analysts polled by Capital IQ had called for $0.43 loss per share.

Revenue totaled $4.6 million for the March quarter, up from $4.2 million last year. Wall Street was looking for $1.4 million.

The vertically-integrated, clinical-stage gene therapy company said it ended Q1 with $199.4 million of cash and cash equivalents, compared with $209.5 million at the end of Q4.

The company said it believes it will have sufficient capital to fund operating expenses and capital expenditure requirements into mid-2023.

Price: 13.00, Change: -0.50, Percent Change: -3.70