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.
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