Telesis Bio falls after revenue miss

Telesis Bio

12/05/2023 15:51

** Shares of Telesis Bio Inc  TBIO.O  down 15.6% at $2.4 
    ** Co reports Q1 revenue of $6.3 mln, missing Wall Street
estimates of $7.4 mln, according to Refinitiv 
    ** Also reports Q1 net loss per share of $0.37, in line with
Refinitiv estimates
    ** Co's cash and cash equivalents $32.2 mln as of March 31,
compared with $43.8 mln as of Dec. 31 
    ** TBIO shares up 140% YTD

 (Reporting by Tanya Jain)
 ((Tanya.Jain@thomsonreuters.com))