Analysts polled by Capital IQ expected a loss of $0.04 per share.
The company did not record any revenue for the quarter ended Dec. 31, compared with $62,500 a year ago.
At the end of December, Matinas said it had cash, cash equivalents and marketable securities of about $49.6 million, down from $58.7 million a year earlier, which it expects will be sufficient to fund planned operations through 2023.
Price: 0.54, Change: -0.01, Percent Change: -1.82
|Loop Capital Trims Bed Bath & Beyond's Price Target ...|
|Baird Adjusts Bed Bath & Beyond's Price Target to $4...|
|B. Riley Lowers Bed Bath & Beyond's Price Target to ...|
|IronNet Added to Russell 2000, Russell 3000 Indexes|
|Lincoln Educational Services Signs Paint, Coatings D...|