Adagene Inc. (ADAG) revealed Loss for its full year that decreased from the same period last year and beat the Street estimates.
The company's earnings totaled -$33.42 million, or -$0.59 per share. This compares with -$18.95 million, or -$0.35 per share, last year.
Excluding items, Adagene Inc. reported adjusted earnings of -$28.51 million or -$0.51 per share for the period.
Analysts on average had expected the company to earn -$0.58 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 99.4% to $0.10 million from $18.11 million last year.
Adagene Inc. earnings at a glance (GAAP) :
-Earnings: -$33.42 Mln. vs. -$18.95 Mln. last year.
-EPS: -$0.59 vs. -$0.35 last year.
-Revenue: $0.10 Mln vs. $18.11 Mln last year.
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