WARREN, N.J. (AP) — WARREN, N.J. (AP) — Aquestive Therapeutics Inc. (AQST) on Wednesday reported a loss of $31.9 million in its fourth quarter.
The Warren, New Jersey-based company said it had a loss of 26 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The specialty pharmaceutical company posted revenue of $13 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $13.4 million.
For the year, the company reported that its loss widened to $83.8 million, or 78 cents per share. Revenue was reported as $44.5 million.
In the final minutes of trading on Wednesday, the company’s shares hit $4.35. A year ago, they were trading at $2.73.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AQST at https://www.zacks.com/ap/AQST
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