Navidea Biopharmaceuticals Reports Fourth Quarter and Full Year 2019 Financial Results

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Navidea Biopharma (NAVB) Misses Q4 EPS by 3c, Revenues Miss

March 11, 2020 4:14 PM EDT

Navidea Biopharma (NYSE: NAVB) reported Q4 EPS of ($0.15), $0.03 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $119.3 thousand versus the consensus estimate of $150 thousand.

During the fourth quarter, Navidea made great strides in its enrollment of the NAV 3-31 Phase 2B trial in patients with rheumatoid arthritis, said Mr. Jed A. Latkin, Chief Executive Officer of Navidea. The Company continued its dialogue with several key potential partners and we anticipate providing updates on those initiatives in the very near future. Furthermore, with the most recent financing, the Company put... More