YAVNE, Israel (AP) — YAVNE, Israel (AP) — MediWound Ltd. (MDWD) on Wednesday reported a loss of $3.9 million in its fourth quarter.
The Yavne, Israel-based company said it had a loss of 36 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 59 cents per share.
The developer of treatments for burns and hard-to-heal wounds posted revenue of $5.8 million in the period, which matched Street forecasts.
For the year, the company reported a loss of $30.2 million, or $3.03 per share. Revenue was reported as $20.2 million.
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