Aradigm Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017
November 02, 2017 at 07:00 am EDT
Aradigm Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported total revenues of $2,728,000 compared with $50,000 a year ago. Loss from operations was $2,948,000 compared with $7,246,000 a year ago. Net loss and comprehensive loss was $3,886,000 or $0.26 per basic and diluted share compared with $8,186,000 or $0.55 per basic and diluted share a year ago.
For the nine months, the company reported total revenues of $12,096,000 compared to $70,000 for the same period a year ago. Loss from operations was $3,737,000 compared to $22,943,000 for the same period a year ago. Net loss and comprehensive loss was $6,529,000 or $0.44 per basic and diluted share compared to $25,001,000 or $1.69 per basic and diluted share for the same period a year ago.