MediWound Reports First Quarter 2020 Financial Results and Provides Corporate Update

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Go back to MediWound Reports First Quarter 2020 Financial Results and Provides Corporate Update

MediWound (MDWD) Tops Q1 EPS by 5c, Revenues Beat

May 20, 2020 7:04 AM EDT

MediWound (NASDAQ: MDWD) reported Q1 EPS of ($0.09), $0.05 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $4.4 million versus the consensus estimate of $4.05 million.

First Quarter Business and Financial Highlights:

Total revenues for the first quarter of 2020 were $4.4 millionOperating loss for the first quarter of 2020 was $2.2 million, representing a 38% decrease compared to prior-year periodOperating cash flow was $2.1 million, and as of March 31, 2020, the company had $27.3 million in cash and short-term investmentsSubsequent to the end of the quarter, the Company resumed patient... More