EL SEGUNDO, Calif. (AP) — EL SEGUNDO, Calif. (AP) — Beyond Meat Inc. (BYND) on Wednesday reported a loss of $28.5 million in its first quarter.
On a per-share basis, the El Segundo, California-based company said it had a loss of 6 cents. Losses, adjusted for non-recurring gains, came to 10 cents per share.
The plant-based meat company posted revenue of $58.2 million in the period.
For the current quarter ending in June, Beyond Meat said it expects revenue in the range of $60 million to $65 million.
In the final minutes of trading on Wednesday, the company’s shares hit $1.02. A year ago, they were trading at $2.52.
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