Recursion falls after quarterly revenue miss
** Shares of drug developer Recursion Pharmaceuticals RXRX.O fall 3.9% to $3.25 premarket ** Co's Q1 revenue of $6.5 million misses analysts' average expectation of $15.8 million - LSEG data ** RXRX says total revenue primarily consists of revenue from collaboration agreements ** Says Roche ROPC.S collaboration revenue recognized was less in the current period due to the successful completion of certain project phases in the prior period ** Up to last close, stock was down 17.6% YTD (Reporting by Christy Santhosh) ((Christy.Santhosh@thomsonreuters.com))
Recent news on Recursion Pharmaceuticals
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Recursion Pharmaceuticals, Inc. reports results for the quarter ended June 30 - Earnings Summary
Recursion Pharmaceuticals Q2 revenue misses estimates, cuts 2026 expense outlook
Brief: Recursion Pharmaceuticals Q2 Operating Revenue USD 7.303 Million Vs. IBES Estimate USD 11.9 Million