DURHAM, N.C. (AP) — DURHAM, N.C. (AP) — Precision BioSciences Inc. (DTIL) on Monday reported net income of $8.6 million in its first quarter.

On a per-share basis, the Durham, North Carolina-based company said it had profit of $1.70. Losses, adjusted for non-recurring gains, came to 35 cents per share.

The genome editing company posted revenue of $17.6 million in the period.

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