Flamel Technologies (FLML), Wednesday said its fourth -quarter loss narrowed from the comparable quarter a year ago as costs and expenses declined.
The Venissieux, France-based company's net loss for the fourth quarter narrowed to $2.726 million or $0.11 per share from $5.937 million or $0.25 per share in the comparable quarter a year ago as cost and expenses declined.
Cost of goods and services sold for the fourth quarter was down at $2.358 million from $4.890 million in the corresponding quarter a year ago. Research and development expenses for the fourth quarter decreased to $9.711 million from $9.891 million, while selling, general and administrative expenses for the fourth quarter decreased to $2.252 million from $3.839 million in the comparable quarter last year.
Loss from operations narrowed to $4.915 million from $8.059 million in the fourth quarter of last year.
Total revenues for the fourth quarter, however, decreased to $9.466 million from $10.561 million, primarily hurt by a decline in Product sales and services as well as a decline in other revenues.
For the full year 2008, net loss narrowed to $12.084 million or $1.57 per share from $12.084 million or $0.50 per share a year ago.
Revenues for the full year increased to $38.619 million from $36.654 million last year.
FLML closed Wednesday's trading session at $5.33, up $0.57 or 11.97% on a volume of 52k shares on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.