(RTTNews) - Recursion (RXRX) posted a net loss of $178.9 million for the fourth quarter of 2024, compared to a net loss of $93.0 million for the fourth quarter of 2023. Net loss per share was $0.53 compared to a loss of $0.42. Analysts on average had expected the company to post a loss of $0.42 per share. Analysts' estimates typically exclude special items.
Fourth quarter total revenue, consisting primarily of revenue from collaborative agreements, was $4.5 million, compared to $10.9 million for the fourth quarter of 2023.
Shares of Recursion are down 10% in pre-market trade on Friday.
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