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Roth Capital Reaffirms Palatin Technologies (PTN) at 'Buy'; Focus Now on BMT Phase III Data

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Palatin Technologies (PTN) Misses Q4 EPS by 3c; Updates on Cash Postion

September 20, 2016 7:33 AM EDT

Palatin Technologies (NYSE: PTN) reported Q4 EPS of ($0.09), $0.03 worse than the analyst estimate of ($0.06).

Palatin's cash, cash equivalents and investments were $9.4 million as of June 30, 2016, compared to cash and cash equivalents of $27.3 million at June 30, 2015. Current liabilities were $14.0 million as of June 30, 2016, compared to... More