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NASDAQ:MGX

Metagenomi Q4 2024 Earnings Results & Report

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$0.82 +0.12 (+17.14%)
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Metagenomi missed analyst expectations on both earnings and revenue in its Q4 2024 results, released March 17, 2025. The company reported EPS of -$0.63 versus the -$0.62 consensus estimate, while revenue of $9.61 million fell short of the $13.18 million estimate by $3.57 million.

Earnings Announcement Details

Quarter
Q4 2024
Report Date
Time
Before Market Opens
Conference Call
9:30 AM ET

Metagenomi EPS Results

Actual EPS
-$0.63
Consensus EPS
-$0.62
Beat/Miss
Missed by -$0.01
One Year Ago EPS
-$20.05
EPS Beat Rate
3 of last 8 quarters

Metagenomi Revenue Results

Actual Revenue
$9.61 million
Expected Revenue
$13.18 million
Beat/Miss
Missed by -$3.57 million
YoY Revenue Growth
N/A

Metagenomi Q4 2024 Earnings FAQ

Metagenomi (NASDAQ:MGX) reported earnings of -$0.63 per share for Q4 2024, missing the consensus estimate of -$0.62. The report was announced on Monday, March 17, 2025.

Metagenomi reported revenue of $9.61 million for Q4 2024, against a consensus estimate of $13.18 million.

Metagenomi Earnings Headlines

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About Metagenomi

Metagenomi (NASDAQ:MGX) is a biotechnology company focused on developing genetic medicines using genome-editing technologies. The company uses metagenomics—the study of genetic material recovered from environmental microorganisms—to discover and characterize naturally occurring CRISPR systems and other programmable enzymes that may offer advantages over conventional gene-editing tools.

Metagenomi’s technology platform is designed to support the development of therapies for genetic diseases by enabling targeted DNA editing, including gene insertion, deletion and correction. Its research activities have included the discovery of novel nucleases and other genome-editing components, as well as the advancement of potential therapeutic programs in areas such as metabolic and liver-related disorders.

Founded in 2018, Metagenomi is based in Emeryville, California. The company’s work is primarily focused on research and development, with its products and programs intended for potential use in human medicine rather than commercial sale. Metagenomi became a publicly traded company on the Nasdaq under the symbol MGX in 2024.

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