Aquestive Therapeutics: Q1 Earnings Snapshot
By Ap News
Published - May 07, 2024, 04:32 PM ET
Last Updated - May 07, 2024, 04:32 PM EDT
WARREN, N.J. (AP) — WARREN, N.J. (AP) — Aquestive Therapeutics Inc. (AQST) on Tuesday reported a first-quarter loss of $12.8 million, after reporting a profit in the same period a year earlier.
The Warren, New Jersey-based company said it had a loss of 17 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The specialty pharmaceutical company posted revenue of $12.1 million in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $12.2 million.
