Strongbridge Biopharma: Q1 Earnings Snapshot

Posted May 12, 2021 4:52 am.

Last Updated May 12, 2021 5:03 am.

TREVOSE, Pa. (AP) _ Strongbridge Biopharma (SBBP) on Wednesday reported a loss of $11.8 million in its first quarter.

The Trevose, Pennsylvania-based company said it had a loss of 18 cents per share. Losses, adjusted for non-recurring costs and stock option expense, were 11 cents per share.

The biopharmaceutical company posted revenue of $8.4 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $8.2 million.

The company’s shares closed at $2.41. A year ago, they were trading at $3.19.

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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 SBBP at https://www.zacks.com/ap/SBBP

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