Oxygen Biotherapeutics Q1 Loss Widens - Quick Facts

Oxygen Biotherapeutics Q3 13 Earnings Conference Call At 11:00 AM ET

Oxygen Biotherapeutics Q3 Loss Narrows

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9/19/2012 5:50 PM ET

Oxygen Biotherapeutics Inc.(OXBT: Quote) reported a first-quarter net loss of $3.6 million, wider than $2.9 million in the prior year quarter. Loss per share for the latest first quarter was $0.22, narrower than $0.33 per share in the same quarter last year.

Net operating loss for the first quarter narrowed to $1.68 million from $2.43 million in the comparable quarter last year.

Total net revenue rose to $272,096 from $24,873 for the comparable quarter in the previous fiscal year.

Product revenue for the quarter decreased to $11,458 compared to $59,477 in the same quarter in 2011 primarily due to the reduction in our internal sales force and termination of existing distribution agreements in the prior year.

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