By Connor Hart
Shares of Absci fell after the company widened its loss and logged lower revenue in the fourth quarter.
The stock declined 12%, to $2.64, in premarket trading Wednesday. Through Tuesday's close, shares are up 3.8% over the past year.
The biopharmaceutical company late Tuesday posted a widened loss of $29.6 million for its three months ended Dec. 31, compared with a loss of $29 million a year earlier. The quarterly loss came in at 20 cents a share, compared with analyst expectations for a loss of 18 cents a share, according to FactSet.
Revenue slipped 2.3% to $650,000, missing the $1.4 million that Wall Street modeled.
Founder and CEO Sean McClain said Absci made progress advancing its in-development therapies over the past year, noting that the company is implementing artificial intelligence to design therapeutics faster and cheaper than the broader industry.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
March 25, 2026 06:36 ET (10:36 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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