Unilife Corp. Q1 Loss Narrows

(RTTNews) - Unilife Corporation (UNIS) reported a first-quarter net loss of $11.2 million or $0.12 per share, narrower than $12.5 million or $0.16 per share in the comparable quarter last year.

Excluding items, adjusted net loss for the quarter narrowed to $7.1 million or $0.08 per share, from $9.1 million or $0.12 per share in the prior year period.

On average, 5 analysts polled by Thomson Reuters expected the company to lose $0.09 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the latest quarter rose to $3.19 million from $692 thousand in the year-ago period, while five analysts expected revenues of $5.80 million for the quarter.