September 01, 2017
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pSivida posts $5.1 million quarterly loss
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pSivida reported $590,000 in revenue for the third fiscal quarter of the year, compared to $324,000 in the same quarter last year, according to a company press release.
Quarterly net loss for the quarter was $5.1 million, or $0.15 per share, compared to a net loss of $5 million, or $0.15 per share last year. In the second quarter of the fiscal year, quarterly net loss was $67,000, or break-even per share.
The company’s operating expenses for the quarter totaled $5.8 million, compared to $5.4 million the previous year.
pSivida has cash and cash equivalents of $15.4 million as of March 31.