DURECT Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 07, 2023 at 04:16 pm EST
DURECT Corporation reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported revenue was USD 3.32 million compared to USD 7.3 million a year ago. Net loss was USD 10.47 million compared to USD 7.01 million a year ago. Basic loss per share from continuing operations was USD 0.46 compared to USD 0.31 a year ago. Diluted loss per share from continuing operations was USD 0.46 compared to USD 0.31 a year ago.
For the full year, revenue was USD 19.28 million compared to USD 13.98 million a year ago. Net loss was USD 35.33 million compared to USD 36.27 million a year ago. Basic loss per share from continuing operations was USD 1.55 compared to USD 1.61 a year ago. Diluted loss per share from continuing operations was USD 1.55 compared to USD 1.61 a year ago.