OPKO Health, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 07, 2024 at 04:05 pm EDT
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OPKO Health, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported revenue was USD 173.7 million compared to USD 237.6 million a year ago. Net loss was USD 81.8 million compared to USD 18.3 million a year ago.
Basic loss per share from continuing operations was USD 0.12 compared to USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.12 compared to USD 0.02 a year ago.
OPKO Health, Inc. is a multinational biopharmaceutical and diagnostics company. The Company's diagnostics segment consists of the clinical laboratory operations of BioReference Health, LLC (BioReference), its point-of-care operations. Its pharmaceutical segment consists of the pharmaceutical operations in Chile, Mexico, Ireland, Israel, Spain, Ecuador, France, the United States, and its pharmaceutical research and development operations. Through BioReference, it operates specialized laboratory divisions, such as GenPath (Urology), GenPath (Oncology), and GenPath (Women's Health). It has two commercial stage pharmaceutical products and several pharmaceutical compounds and technologies in various stages of research and development for a range of indications and conditions, including Rayaldee, Rayaldee, Oxyntomodulin, Biologics, NGENLA Somatrogon, and Factor VIIa-CTP. It develops and manufactures specialty active pharmaceutical ingredients (APIs) through FineTech Pharmaceutical, Ltd.