ImmunityBio Q1 Loss Narrows, Revenue Rises

MT Newswires Live

05/12

ImmunityBio (IBRX) reported a Q1 net loss Monday of $0.15 per diluted share, narrowing from a loss of $0.20 a year earlier.

Analysts polled by FactSet expected a loss of $0.13.

Revenue for the quarter ended March 31 was $16.5 million, up from $40,000 a year earlier.

Analysts surveyed by FactSet expected $16 million.

Shares of the company were up 2.4% in recent premarket activity.

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