Cleveland Biolabs (CBLI) Reports Q3 Loss of $0.31

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Cleveland BioLabs Reports Third Quarter 2015 Financial Results and Development Progress

November 5, 2015 7:30 AM EST

BUFFALO, NY -- (Marketwired) -- 11/05/15 -- Cleveland BioLabs, Inc. (NASDAQ: CBLI) today reported financial results and development progress for the third quarter and nine-month period ended September 30, 2015.

Cleveland BioLabs reported a $3.1 million net loss for the third quarter of 2015, or $0.31 per share, compared to a net loss of $4.1 million, or $1.43 per share, for the same period in 2014. Net loss for the nine-month period was $11.2 million, or $1.93 per share, compared to a net loss of $9.6 million, or $3.64 per share, for the same period in 2014. The improvement in net... More