Kardigan, Inc. Reports Q3 GAAP EPS of -$0.64, Exceeding Analyst Expectations
Kardigan, Inc. (KARD) reported third-quarter GAAP earnings per share (EPS) of -$0.64, which outperformed market expectations by $0.43. Despite the earnings beat, the company saw a significant rise in operational costs during the period. Research and development expenses climbed to $64.36 million from $49.14 million in the prior year's third quarter. Additionally, general and administrative expenses more than doubled, rising to $22.25 million from $9.94 million in the same period last year.
Tickers: $KARD
Topics: earnings beat GAAP EPS operating expenses R&D expenses
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