Reuters logo
Insys Therapeutics' revenue falls 41.6 pct
April 3, 2017 / 11:13 AM / 8 months ago

Insys Therapeutics' revenue falls 41.6 pct

April 3 (Reuters) - Insys Therapeutics Inc on Monday reported a 41.6 percent decline in quarterly revenue, hurt by a fall in demand for its pain drug, Subsys.

Insys said last week it would restate some financial statements after identifying errors related to accounting for some product sales allowances.

The company reported a net loss of $3.7 million or 5 cents per share in the fourth quarter ended Dec. 31, compared with a profit of $18.1 million or 24 cents per share, a year earlier.

Revenue fell to $54.9 million from $93.9 million. (Reporting by Divya Grover in Bengaluru; Editing by Sai Sachin Ravikumar)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below