Navidea Biopharma (NAVB) Misses Q2 EPS by 2c

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Navidea Reports Second Quarter 2015 Financial Results; Reiterates 2015 Lymphoseek® Revenue Guidance

July 30, 2015 7:30 AM EDT

DUBLIN, Ohio--(BUSINESS WIRE)-- Navidea Biopharmaceuticals, Inc. (NYSE MKT: NAVB), today announced financial results for the second quarter of 2015. Navidea reported total revenue for the second quarter of 2015 of $2.9 million, including Lymphoseek® (technetium Tc 99m tilmanocept) injection sales revenue of $2.0 million. The net loss from operations was $3.8 million and the net loss attributable to common stockholders was $9.7 million.

During the first half of this year we successfully undertook a strategy to transform the Company and we have been executing to that plan, commented Rick Gonzalez, Navideas President and CEO. We deployed a new commercial... More