Absci Reports Q3 Results: Revenue Misses Estimates Amid Declining Year-over-Year Growth
Absci (ABSI) reported third-quarter financial results that showed a revenue miss, with the company generating $0.3 million in revenue, falling short of expectations by $0.28 million. This represents a 21.1% decrease compared to the same period last year. While GAAP earnings per share (EPS) of -$0.19 were in line with analyst projections, the company's liquidity position saw a decline. As of September 30, 2026, cash, cash equivalents, and marketable securities totaled $173.7 million, down from $201.1 million at the end of the previous quarter.
Tickers: $ABSI
Topics: cash position earnings report revenue miss