MORF - Morphic GAAP EPS of $0.90 beats by $1.71 revenue of $0.5M misses by $1.66M
2023-04-25 08:56:00 ET
- Morphic press release ( NASDAQ: MORF ): Q1 GAAP EPS of $0.90 beats by $1.71 .
- Revenue of $0.5M (-79.0% Y/Y) misses by $1.66M .
- As of March 31, 2023, Morphic had cash, cash equivalents and marketable securities of $421 million, compared to $348 million as of December 31, 2022,
- General and administrative expenses were $9.3 million for the quarter ended March 31, 2023, compared to $7.6 million for the same quarter last year.
- Research and development expenses were $30.4 million for the quarter ended March 31, 2023, as compared to $26.5 million for the same quarter last year.
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Morphic GAAP EPS of $0.90 beats by $1.71, revenue of $0.5M misses by $1.66M