Aravive, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 1.27 million compared to USD 1.62 million a year ago. Net income was USD 18.01 million compared to net loss of USD 18.48 million a year ago. Basic earnings per share from continuing operations was USD 0.24 compared to basic loss per share from continuing operations of USD 0.61 a year ago. Diluted loss per share from continuing operations was USD 0.12 compared to USD 0.61 a year ago.
For the six months, revenue was USD 2.76 million compared to USD 2.71 million a year ago. Net loss was USD 31.95 million compared to USD 31.53 million a year ago. Basic loss per share from continuing operations was USD 0.42 compared to USD 1.22 a year ago. Diluted loss per share from continuing operations was USD 0.42 compared to USD 1.22 a year ago.