This article is more than 5 years old. Information may no longer be current.

OccuLogix reports $2.9 million net loss for first quarter

Add topic to email alerts

Receive an email when new articles are posted on

Please provide your email address to receive an email when new articles are posted on .

Subscribe

Added to email alerts

You've successfully added to your alerts. You will receive an email when new content is published.

Click Here to Manage Email Alerts

You've successfully added to your alerts. You will receive an email when new content is published.

Click Here to Manage Email Alerts

Back to Healio

We were unable to process your request. Please try again later. If you continue to have this issue please contact customerservice@slackinc.com.

Back to Healio

TORONTO — OccuLogix reported $7,200 in net revenues from continuing operations for the first quarter, compared with $90,000 for the same period last year, according to a press release from the company.

The company's first quarter net loss totaled $2.9 million, or $0.05 per share, compared with $4.3 million, or $0.08 per share, for the first quarter of 2007.

Cash and cash equivalents for the first quarter totaled $2.3 million, not including net proceeds from a $0.3 million bridge loan the company announced earlier this week, the release said.