SAN DIEGO (AP) — Cibus, Inc. (CBUS) on Thursday reported a loss of $217.1 million in its fourth quarter.
On a per-share basis, the San Diego-based company said it had a loss of $12.59. Losses, adjusted for asset impairment costs, came to $1.16 per share.
The developer and licensor of plant traits for seed companies posted revenue of $1.1 million in the period.
For the year, the company reported that its loss widened to $267.6 million, or $25.95 per share. Revenue was reported as $1.8 million.
Cibus shares have decreased almost 5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.68, a rise of 3% in the last 12 months.
_____
This story has been corrected to show that Cibus is a developer and licensor of plant traits for seed companies, not a genetically modified food company.
_____
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBUS at https://www.zacks.com/ap/CBUS