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home / news releases / GRTS - Gritstone stock falls ~10% after Q1 net loss widens revenues shrink

GRTS - Gritstone stock falls ~10% after Q1 net loss widens revenues shrink

Gritstone Oncology Inc.

2023-05-12 12:06:28 ET

  • Gritstone bio ( NASDAQ: GRTS ) stock fell ~10% on Friday after Q1 revenue missed estimates.
  • Net loss widened to -$33.98M, compared to -$28.92M in Q1 2022.
  • Total revenues fell -66% Y/Y to $2.44M.
  • Collaboration and license revenues declined -88.5% Y/Y to $542K, while Grant revenues fell -22.2% Y/Y to $1.90M.
  • Cash, cash equivalents, marketable securities and restricted cash were $153.2M as of March 31, compared to $185.2M as of Dec. 31.

For further details see:

Gritstone stock falls ~10% after Q1 net loss widens, revenues shrink
Stock Information
Company Name: Gritstone Oncology Inc.
Stock Symbol: GRTS
Market: NASDAQ
Website: gritstonebio.com
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