MediWound: Q1 Earnings Snapshot
By Ap News
Published - May 29, 2024, 07:15 AM ET
Last Updated - May 29, 2024, 07:15 AM EDT
YAVNE, Israel (AP) — YAVNE, Israel (AP) — MediWound Ltd. (MDWD) on Wednesday reported a loss of $9.7 million in its first quarter.
The Yavne, Israel-based company said it had a loss of $1.05 per share. Losses, adjusted for non-recurring costs, were 39 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 40 cents per share.
The developer of treatments for burns and hard-to-heal wounds posted revenue of $5 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $4.6 million.
