Connect with us

Hi, what are you looking for?

Investing

Proteome Sciences Shares Fall After Swing to Loss on Higher Costs

By Ian Walker


Shares of Proteome Sciences fell 23.5% after the company reported a swing to a first-half pretax loss on flat revenue and higher expenses and finance costs.

Shares at 1156 GMT were down 2.0 pence at 6.50 pence.

The protein-biomarker research company said Friday that pretax loss for the half year ended June 30 was 547,000 pounds ($689,275) compared with a profit of GBP75,000 for the comparable period a year earlier.

Revenue for the period was GBP3.21 million compared with GBP3.24 million.

Adjusted earnings before interest, taxes, depreciation and amortization–one of the company’s preferred metrics which strips out exceptional and other one-off items–was GBP269,000 compared with GBP644,000.


Write to Ian Walker at [email protected]


Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

News

This article was written by Follow Bret Jensen has over 13 years as a market analyst, helping investors find big winners in the biotech...

Videos

Watch full video on YouTube