Innocoll AG (INNL) Tops Q2 EPS by 11c

Innocoll AG (NASDAQ: INNL) reported Q2 EPS of ($0.62), $0.11 better than the analyst estimate of ($0.73). Revenue for the quarter came in at $1.3 million versus the consensus estimate of $1.04 million.

As of June 30, 2016, cash and cash equivalents totaled $53.8 million compared to $22.7 million as of March 31, 2016. The cash and cash equivalents position includes the $37.4 million net proceeds from the public equity follow-on and $11.2 million from the drawdown of the second tranche of the European Investment Bank loan.

For earnings history and earnings-related data on Innocoll AG (INNL) click here.

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