{"id":124484,"date":"2021-05-10T16:16:08","date_gmt":"2021-05-10T16:16:08","guid":{"rendered":"https:\/\/precoinnews.com\/?p=124484"},"modified":"2021-05-10T16:16:08","modified_gmt":"2021-05-10T16:16:08","slug":"stock-alert-kodiak-sciences-down-15","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/stock-alert-kodiak-sciences-down-15\/","title":{"rendered":"Stock Alert: Kodiak Sciences Down 15%"},"content":{"rendered":"
Shares of Kodiak Sciences Inc. (KOD) are currently losing nearly 15% on Monday morning after reporting its first-quarter results.<\/p>\n
KOD is currently trading at $87.10, down $14.52 or 14.29%, on the Nasdaq.<\/p>\n
Kodiak reported net loss for the first quarter of $50.4 million or $0.98 per share, as compared to a net loss of $24.4 million or $0.54 per share last year.<\/p>\n
Research and development expenses were $40.3 million for the first quarter, as compared to $20.2 million last year. <\/p>\n