Overview
Biotechnology firm's fiscal Q1 revenue rose yr/yr
Net loss increased due to Cyclo acquisition expenses
R&D expenses rose significantly after Cyclo acquisition
Outlook
Company did not provide specific financial guidance for the current quarter or fiscal year in press release
Result Drivers
INCREASED R&D EXPENSES - R&D expenses rose to $7.5 mln from $1.3 mln due to Cyclo acquisition
ACQUISITION IMPACT - Net loss increased due to Cyclo Therapeutic's expenses post-acquisition
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | $240,000 | ||
Q1 Net Income | -$9.80 mln | ||
Q1 Operating Income | -$10.14 mln |
Press Release: ID:nGNX53ryVN
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Comments