01:20 PM EDT, 05/15/2024 (MT Newswires) -- PepGen ( PEPG ) shares were about 0.6% lower in recent Wednesday trading following its Q1 results in the previous day.

The firm reported a Q1 loss late Tuesday of $0.63 per diluted share, compared with a loss of $0.69 a year earlier.

Four analysts polled by Capital IQ expected a per-share loss of $0.71.

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

As of March 31, the company said it had $175.2 million in cash, cash equivalents and marketable securities, which it expects to fund operations into 2026.

Price: 13.86, Change: -0.13, Percent Change: -0.93