ARS Pharmaceuticals Q2 Net Loss Widens, Revenue Rises
MT Newswires Live
Aug 14
ARS Pharmaceuticals (SPRY) reported a Q2 net loss late Thursday of $0.63 per diluted share, widening from a loss of $0.46 a year earlier.
Four analysts polled by FactSet expected a loss of $0.48.
Revenue for the quarter ended June 30 was $33.7 million, up from $15.7 million a year earlier.
Four analysts expected $31.3 million.
The company said it had $143.8 million in cash, cash equivalents, and short-term investments as of June 30, and expects to reach cash flow breakeven by the end of 2027.
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