Pozen, Inc. (POZN) Posts Q3 Loss of $0.24, Reaffirms Guidance
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Price: $5.94 --0%
Financial Fact:
Basic net income (loss) per common share: -0.25
Today's EPS Names:
SCWO, HSAI, SYRS, More
Financial Fact:
Basic net income (loss) per common share: -0.25
Today's EPS Names:
SCWO, HSAI, SYRS, More
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Pozen, Inc. (NASDAQ: POZN) reported Q3 EPS of ($0.24), $0.01 worse than the analyst estimate of ($0.23). Revenue for the quarter came in at $4.9 million versus the consensus estimate of $4.77 million.
As previously announced on October 4, 2011, we are estimating 2011 revenue to be in the range of $18-$19 million. We are estimating 2011 operating expenses to be in the range of $45.5-$47.5 million and estimating a full year net loss of $27-$29 million. At the end of the year, we project our cash and short-term investment balance to be in the range of $39-$41 million.
As previously announced on October 4, 2011, we are estimating 2011 revenue to be in the range of $18-$19 million. We are estimating 2011 operating expenses to be in the range of $45.5-$47.5 million and estimating a full year net loss of $27-$29 million. At the end of the year, we project our cash and short-term investment balance to be in the range of $39-$41 million.
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