10:19 AM EDT, 05/07/2024 (MT Newswires) -- Scholar Rock ( SRRK ) shares were down 6.5% in recent Tuesday trading after the company's Q1 loss widened more than expected year-over-year.

The company reported a Q1 net loss of $0.59 per diluted share, compared with a loss of $0.49 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.51.

The company said it didn't record any revenue for the quarter ended March 31.

Scholar Rock ( SRRK ) said it had cash, cash equivalents, and marketable securities of about $238.4 million as of March 31, which the company said is expected to fund its projected operating and capital expenditure requirements into the second half of 2025.

Price: 14.08, Change: -0.98, Percent Change: -6.51