AcelRx Pharmaceuticals: Q4 Earnings Snapshot

Published March 30, 2023 2:07 PM

HAYWARD, Calif. (AP) — HAYWARD, Calif. (AP) — AcelRx Pharmaceuticals Inc. (ACRX) on Thursday reported a loss of $7.5 million in its fourth quarter.

The Hayward, California-based company said it had a loss of $1 per share.

The drugmaker posted revenue of $252,000 in the period.

For the year, the company reported net income of $47.8 million, or $5.72 per share, swinging to a profit in the period. Revenue was reported as $1.8 million.

In the final minutes of trading on Thursday, the company’s shares hit 70 cents. A year ago, they were trading at $5.66.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACRX at https://www.zacks.com/ap/ACRX

Article Topic Follows: AP National Business

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