Forward Pharma Reports Financial and Operational Results from the Year Ended December 31, 2019
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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forward-pharma.com
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Source: GlobeNewswire
COPENHAGEN, Denmark, April 24, 2020 (GLOBE NEWSWIRE) -- Forward Pharma A/S (NASDAQ:FWP) (“We,” “Forward” or the “Company” and, together with its subsidiaries, the “Group”), today reported consolidated financial and operating results for the year ended December 31, 2019. Our net loss for the year ended December 31, 2019 was $(4.2) million, or $(0.04) per share, versus a net loss of $(8.7) million, or $(0.09) per share for the year ended December 31, 2018. Our research and development and general and administrative costs decreased from $12.3 million for the year ended December 31, 2018 to $5.3 million for the year ended December 31, 2019. “The operating results reported today favorably reflect our persistent efforts to reduce costs and streamline our operations. We are well positioned financially to the start of the new year with significant cash reserves and working capital in excess of $77 million. Our primary focus remains on our intellectual property and we are working diligently
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