REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Adverum Biotechnologies Inc. (ADVM) on Tuesday reported a loss of $40.9 million in its fourth quarter.
The Redwood City, California-based company said it had a loss of $1.96 per share.
For the year, the company reported that its loss widened to $130.9 million, or $6.62 per share. Revenue was reported as $1 million.
The company's shares closed at $3.43. A year ago, they were trading at $11.73.
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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
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