Beam Therapeutics Swings to Q4 Loss as Revenue Falls

MT Newswires Live
25 Feb

Beam Therapeutics (BEAM) reported a Q4 loss Tuesday of $1.09 per diluted share, swinging from a profit of $1.73 a year earlier.

Analysts polled by FactSet expected a loss of $1.23.

License and collaboration revenue for the quarter ended Dec. 31 was $30.1 million, down from $316.2 million a year earlier.

Analysts surveyed by FactSet expected $17.2 million.

As of Dec. 31, 2024, cash, cash equivalents and marketable securities were $850.7 million, compared with $1.2 billion a year earlier.

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