AcelRx Pharmaceuticals: 2Q Earnings Snapshot
REDWOOD CITY, Calif. (AP) _ AcelRx Pharmaceuticals Inc. (ACRX) on Monday reported a loss of $12.4 million in its second quarter.
The Redwood City, California-based company said it had a loss of 16 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 23 cents per share.
The drugmaker posted revenue of $941,000 in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $1.6 million.
In the final minutes of trading on Monday, the company’s shares hit $2.41. A year ago, they were trading at $2.80.