Compugen reports a wider-than-expected Q1 GAAP loss but revenue exceeds forecasts by nearly $1M amid annual decline.
Compugen reported a Q1 GAAP loss of $0.08 per share, missing estimates by $0.01. Revenue reached $2.18M, surpassing expectations by $0.92M despite a 4.4% year-over-year decline.
The company generated $2.2 million in revenue for the quarter ended March 31, 2026, down from $2.3 million in the same period last year. Analysts had anticipated a narrower loss and lower revenue.
No immediate market reaction was disclosed in the release.