NasdaqGS:CTMXBiotechs
CytomX Therapeutics (CTMX) Stock Faces Revenue Collapse As Pipeline Hopes Carry The Story
CytomX Therapeutics stock edged up about 3% to US$3.46 into this post earnings lull, even though the headline numbers lean more sobering than celebratory. Quarterly revenue came in at US$1.4 million and the company reported a net loss of US$20.7 million, which keeps the long running profitability debate very much alive.
The real focus is the contrast between a modest one day bounce and a business model that still leans heavily on future drug success and an already rich P/S multiple. The...