Akoya: Q4 Earnings Snapshot

MARLBOROUGH, Mass. (AP) — MARLBOROUGH, Mass. (AP) — Akoya Biosciences Inc. (AKYA) on Monday reported a loss of $10.8 million in its fourth quarter.

The Marlborough, Massachusetts-based company said it had a loss of 22 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share.

The tissue analysis provider posted revenue of $26.5 million in the period.

For the year, the company reported that its loss narrowed to $63.3 million, or $1.43 per share. Revenue was reported as $96.6 million.

Akoya expects full-year revenue in the range of $114 million to $118 million.

Akoya shares have climbed 23% since the beginning of the year. In the final minutes of trading on Monday, shares hit $5.98, a drop of 47% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AKYA at https://www.zacks.com/ap/AKYA