Emotra AB Announces Earnings Results for the First Quarter Ended March 31, 2017
Emotra AB (publ) announced earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported operating loss of SEK 1,861,000 against SEK 1,428,000 a year ago. Loss before taxes was SEK 1,861,000 against SEK 1,830,000 a year ago. Net loss of the period was SEK 1,822,000 or SEK 0.19 diluted per share against SEK 1,391,000 or SEK 0.15 diluted per share a year ago. The larger operating loss is due in its entirety to increased costs to compensate the participating clinics for their costs of participating in their clinical study, EUDOR-A.