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Shares of Affimed (NASDAQ:AFMD) decreased 3.0% in pre-market trading after the company reported Q1 results.
Quarterly Results
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Earnings per share fell 500.00% year over year to ($0.12), which beat the estimate of ($0.14).
Revenue of $5,664,000 decreased by 55.45% from the same period last year, which missed the estimate of $5,930,000.
Looking Ahead
Affimed hasn't issued any earnings guidance for the time being.
Affimed hasn't issued any revenue guidance for the time being.
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Recent Stock Performance
52-week high: $3.96
Company's 52-week low was at $1.42
Price action over last quarter: Up 94.55%
Company Description
Affimed NV is a clinical-stage biopharmaceutical company. The company is engaged in discovering and developing targeted cancer immunotherapies. Its product candidates are being developed in the field of immuno-oncology, which represents an approach to cancer treatment that seeks to harness the body's immune defenses to fight tumor cells. The company is also developing single and combination therapies to treat cancers and other life-threatening diseases. Geographically, it derives a majority of revenue from the United States and also has a presence in Europe and Germany.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.