02:19 PM EDT, 03/28/2024 (MT Newswires) -- Kodiak Sciences ( KOD ) shares tumbled 28% in recent Thursday trading after the company earlier reported a Q4 loss of $1.13 per diluted share, narrower than a loss of $1.35 a year earlier.

Analysts surveyed by Capital IQ expected a loss of $0.82.

As expected, no revenue for the quarter ended Dec. 31 was reported.

As of Dec. 31, the company said it had cash and cash equivalents of $285.5 million and expected to support operations through 2026.

Price: 5.40, Change: -2.05, Percent Change: -27.58