CytoSorbents: Q1 Earnings Snapshot
By AP News
Published - May 02, 2023, 04:28 PM ET
Last Updated - Jun 21, 2023, 11:47 PM EDT
PRINCETON, N.J. (AP) — PRINCETON, N.J. (AP) — CytoSorbents Corp. (CTSO) on Tuesday reported a loss of $7.3 million in its first quarter.
On a per-share basis, the Princeton, New Jersey-based company said it had a loss of 17 cents.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The blood purification therapy company posted revenue of $9.4 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $8.7 million.
