TherapeuticsMD: 2Q Earnings Snapshot
BOCA RATON, Fla. (AP) _ TherapeuticsMD Inc. (TXMD) on Tuesday reported a loss of $55.2 million in its second quarter.
On a per-share basis, the Boca Raton, Florida-based company said it had a loss of 23 cents. Losses, adjusted to extinguish debt, were 19 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The woman’s health care product company posted revenue of $6.1 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $5.1 million.
For the current quarter ending in October, TherapeuticsMD said it expects revenue in the range of $6.8 million to $9 million.
The company expects full-year revenue in the range of $29.5 million to $34.2 million.
In the final minutes of trading on Tuesday, the company’s shares hit $1.87. A year ago, they were trading at $5.25.