Adverum Biotechnologies: Q4 Earnings Snapshot

Published March 30, 2023 1:56 PM

REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Adverum Biotechnologies Inc. (ADVM) on Thursday reported a loss of $32.7 million in its fourth quarter.

On a per-share basis, the Redwood City, California-based company said it had a loss of 33 cents.

For the year, the company reported that its loss widened to $154.5 million, or $1.56 per share.

In the final minutes of trading on Thursday, the company’s shares hit 72 cents. A year ago, they were trading at $1.34.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ADVM at https://www.zacks.com/ap/ADVM

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KION 46 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.