Akoya: Q3 Earnings Snapshot
MARLBOROUGH, Mass. (AP) — MARLBOROUGH, Mass. (AP) — Akoya Biosciences Inc. (AKYA) on Wednesday reported a loss of $12.9 million in its third quarter.
On a per-share basis, the Marlborough, Massachusetts-based company said it had a loss of 26 cents.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 37 cents per share.
The tissue analysis provider posted revenue of $25.2 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $24.5 million.
Akoya expects full-year revenue in the range of $95 million to $98 million.
In the final minutes of trading on Wednesday, the company’s shares hit $3.75. A year ago, they were trading at $11.74.
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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 AKYA at https://www.zacks.com/ap/AKYA