Curetis N.V reported consolidated earnings results for the full year ended December 31, 2018. For the year, the company reported revenues of EUR 1,419,000 as compared to EUR 1,187,000 in 2017. Operating loss was EUR 22,911,000 as compared to EUR 18,567,000 in 2017. Loss for the period was EUR 23,745,000 or EUR 1.41 per basic share as compared to EUR 19,498,000 or EUR 1.26 per basic share in 2017.

In total, revenues from commercial operations, licensing and collaborations are expected to more than double from EUR 1.4 million in 2018 to over EUR 3 million in 2019. Revenue recognition under IFRS 15 will depend on the exact nature and details of commercial and partnering or licensing deals and contracts.