Zenas BioPharma (ZBIO) reported a Q1 net loss Wednesday of $1.46 per diluted share, widening from a loss of $0.80 a year earlier.
Analysts surveyed by FactSet expected a loss of $1.47.
The company didn't produce any revenue for the quarter ended Mar. 31, compared with $10,000 a year earlier.
Analysts polled by FactSet expected no sales.