Delcath Systems Inc. (DCTH) reported a first-quarter loss that exceeded Wall Street expectations.
The company's net loss for the quarter was $11.11 million, or $0.45 per share, compared to a loss of $9.00 million, or $0.77 per share, in the same period last year.
Analysts, on average, had predicted a loss of $0.47 per share, according to Thomson Reuters. These estimates typically exclude extraordinary items.
Revenue for the quarter surged by 423.3%, amounting to $3.14 million, compared to $0.60 million in the previous year.
Key financials for Delcath Systems Inc. (GAAP), first quarter:
- Net Loss: $11.11 million, compared to $9.00 million last year
- EPS: $0.45, compared to $0.77 last year
- Revenue: $3.14 million, compared to $0.60 million last year
