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Clinical Data Q1 Loss Narrows - Quick Facts
August 9, 2010, Monday, 19:25 GMT | 14:25 EST | 23:55 IST | 02:25 SGT
(RTTNews) - Clinical Data Inc. (CLDA) reported first-quarter net loss of $13.92 million or $0.51 per share, compared to a loss of $15.41 million or $0.67 per share in the year-ago quarter.
Gross revenue for the quarter rose 52% to $6.2 million from $4.1 million last year, which, in part, driven by the one-time $2.0 million milestone payment from Santen. Net revenue for the quarter was $5.5 million, up from $3.7 million a year ago.
On average, 6 analysts polled by Thomson Reuters expected the company to report a loss of $0.62 per share on revenue of $3.94 million for the period. Analysts' estimate typically exclude special items.
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