By Elias Schisgall
Shares of Compass Pathways fell after the company recorded a wider-than-expected fourth-quarter loss.
Shares were down 3.3% to $5.17 in Tuesday morning trading. The stock is up 66% over the past year.
The biotechnology company on Tuesday reported a loss of $93.9 million, or $1 a share, compared with a loss of $43.3 million, or 63 cents a share, a year earlier.
Analysts surveyed by FactSet were expecting a loss of 40 cents a share.
Operating expenses fell to $46 million, from $48.4 million a year earlier. The company also recorded a $38.2 million decrease in the fair value of warrant liabilities in the most recent quarter.
The company, which is developing COMP360, a psychedelic treatment for depression, did not post any revenue during the quarter. It is scheduled to meet with the Food and Drug Administration about a New Drug Application submission strategy, and is targeting launch-readiness by the end of this year.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
March 24, 2026 10:40 ET (14:40 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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