Veru Inc. Reports Earnings Results for the Second Quarter Ended March 31, 2021
May 12, 2021 at 06:30 am EDT
Veru Inc. announced earnings results for the second quarter ended March 31, 2021. For the second quarter, the company announced sales was USD 13.340 million compared to USD 9.943 million a year ago. Operating loss was USD 1.471 million compared to USD 299,678 a year ago. Net loss was USD 2.845 million compared to USD 810,509 a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.01 a year ago. For the half year, sales was USD 27.957 million compared to USD 20.521 million a year ago. Operating income was USD 17.715 million compared to operating loss of USD 2.084 million a year ago. Net income was USD 14.381 million compared to net loss of USD 4.115 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to basic loss per share from continuing operations of USD 0.06 a year ago. Diluted earnings per share from continuing operations was USD 0.18 compared to diluted loss per share from continuing operations of USD 0.06 a year ago.