Forward Pharma Reports Financial and Operational Results from the Year Ended December 31, 2018
Forward Pharma A/S - American Depositary Shares (FWP)
Last forward pharma a/s - american depositary shares earnings: 4/18 05:15 pm
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Source: GlobeNewswire
COPENHAGEN, Denmark, April 04, 2019 (GLOBE NEWSWIRE) -- Forward Pharma A/S (NASDAQ:FWP) (“We,” “Forward” or the “Company” and, together with its subsidiaries, the “Group”), today reported consolidated financial results for the year ended December 31, 2018. Our net loss for the year ended December 31, 2018 was $(8.7) million, or $(0.09) per diluted share, versus net income of $917.1 million, or $2.30 per diluted share for the year ended December 31, 2017. Our research, development, general and administrative costs decreased from $37.6 million for the year ended December 31, 2017 to $12.3 million for the year ended December 31, 2018. “In 2017, we set in motion a series of steps that reduced personnel and costs to align our organization around our intellectual property-based opportunities. The financial results reported today reflect the successful implementation of the reorganization as our operating expenses are significantly lower than historic levels. While we remain disappointed
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