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Fermi Posts Q1 Net Loss

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Fermi (FRMI) reported a Q1 net loss Thursday of $0.30 per diluted share.

Two analysts polled by FactSet expected a net loss of $0.03 per share.

Year-ago figures were not provided, and no revenue was reported for the quarter ended March 31.

Shares of Fermi were down more than 3% premarket Thursday.

Price: $5.77, Change: $-0.23, Percent Change: -3.84%

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