Recap: Precigen Q1 Earnings

Precigen (NASDAQ:PGEN) reported its Q1 earnings results on Wednesday, May 10, 2023 at 08:00 AM.

Here's what investors need to know about the announcement.

Precigen missed estimated earnings by 11.11%, reporting an EPS of $-0.1 versus an estimate of $-0.09.

Revenue was down $30.17 million from the same period last year.

Last quarter the company missed on EPS by $0.01 which was followed by a 17.39% increase in the share price the next day.

Here's a look at Precigen's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	-0.10	-0.14	-0.13	-0.13
EPS Actual	-0.11	-0.04	-0.13	-0.10
Revenue Estimate	6.21M	2.72M	24.63M	23.27M
Revenue Actual	1.76M	16.72M	2.91M	32.02M

To track all earnings releases for Precigen visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.