WARREN, N.J. (AP) — WARREN, N.J. (AP) — Aquestive Therapeutics Inc. (AQST) on Wednesday reported a loss of $8.1 million in its first quarter.
On a per-share basis, the Warren, New Jersey-based company said it had a loss of 7 cents.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.
The specialty pharmaceutical company posted revenue of $14.4 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $10.8 million.
In the final minutes of trading on Wednesday, the company’s shares hit $4.11. A year ago, they were trading at $2.29.
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