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Avadel Pharmaceuticals Q1 Loss Widens

05/10/2021 05:52

09:52 AM EDT, 05/10/2021 (MT Newswires) -- Avadel Pharmaceuticals (AVDL) on Monday reported a net loss of $0.23 per share in Q1, wider than last year's net loss of $0.02 per share.

Analysts polled by Capital IQ were expecting a net loss of $0.32 per share.

The biopharmaceutical firm reported no revenue for the March quarter, in line with the consensus estimate. A year ago, product sales amounted to $12.2 million.

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