Why Berkeley Lights Wilted on Wednesday

Investor sentiment was dimming notably on Berkeley Lights (NASDAQ: BLI) Wednesday, with the stock falling by over 9%. This followed the cell biology company's double whiff on Q2 earnings.

Wednesday morning Berkeley Lights revealed that for the quarter, it booked revenue of $19.25 million, a near-doubling of the $10.57 million it made in Q2 2020. Yet net loss worsened across that period, deepening to $18.2 million ($0.27 per share) from the year-ago result of $12.4 million.

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Source Fool.com