Why Is Kodiak Sciences (KOD) Down 26.2% Since Last Earnings Report?

It has been about a month since the last earnings report for Kodiak Sciences Inc. (KOD) . Shares have lost about 26.2% in that time frame, underperforming the S&P 500. Kodiak Q1 Loss Narrower Than Expected, Pipeline in Focus Currently, KOD does not have any approved products in its portfolio. As a result, it is yet to generate revenues. Research and development expenses were $29.9 million in the reported quarter, down 47% year over year. The decrease was mainly due to the reduction in expenses owing to the ...