Adaptive Biotech loss narrower than expected on first post IPO report [MarketWatch]
Adaptive Biotechnologies Corporation (ADPT)
Last adaptive biotechnologies corporation earnings: 2/26 04:05 pm
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Source: MarketWatch
Adaptive Biotech loss narrower than expected on first post IPO report Adaptive Biotechnologies Corp. ADPT, +2.55% shares were down fractionally in the extended session Tuesday after the biotech company reported a narrower-than-expected loss. Adaptive Biotech shares declined 0.1% after hours, following a 2.6% rise in the regular session to close at $43.08. The company reported second-quarter loss of $16.4 million, or $1.23 a share, compared with a loss of $12.5 million, or $1.01 a share, in the year-ago period. The adjusted loss was $10.9 million. Revenue rose to $22.1 million from $11.6 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of $17.7 million on revenue of $19.4 million. The report was the company's first since going public in July . Shares have gained 115% since the company priced its IPO at $20 a share .
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ADPT
News
- Adaptive Biotechnologies to Report First Quarter 2024 Financial Results on May 7, 2024GlobeNewswire
- Adaptive Biotechnologies Co. (NASDAQ: ADPT) had its price target lowered by analysts at BTIG Research from $6.00 to $5.00. They now have a "buy" rating on the stock.MarketBeat
- Adaptive Biotechnologies announces conclusion of strategic review, expects Q1 revenue between $41M and $43M [Seeking Alpha]Seeking Alpha
- Adaptive Biotechnologies Provides Strategic Review Update and Announces Preliminary First Quarter 2024 Revenue [Yahoo! Finance]Yahoo! Finance
- Adaptive Biotechnologies Provides Strategic Review Update and Announces Preliminary First Quarter 2024 RevenueGlobeNewswire
ADPT
Earnings
- 2/14/24 - Miss
ADPT
Sec Filings
- 4/9/24 - Form 8-K
- 4/5/24 - Form 8-K
- 4/2/24 - Form 8-K
- ADPT's page on the SEC website