Arvinas (ARVN) reported a Q3 net loss Wednesday of $0.68 per share, narrowing from a loss of $1.18 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.81 per share.

Revenue for the quarter ended Sept. 30 was $102.4 million, up from $34.6 million a year earlier.

Analysts surveyed by Capital IQ expected $62.4 million.

The company noted that, as of Sept. 30, its cash, cash equivalents and marketable securities were $1.12 billion, and said based on its current operating plan, that should be sufficient to fund planned operating expenses and capital expenditure requirements into 2027.

Shares of the company were up 5.4% in recent Wednesday premarket activity.