Shares in Delcath fall after losses grow in Q3

Shares in Delcath Systems (NSDQ:DCTHD) crashed today after the company posted its third quarter results, revealing that the company’s net losses have grown dramatically quarter-over-quarter. The N.Y.-based company posted a net loss of -$12.6 million on sales of $684,000 for the 3 months ended Sept. 30, for sales growth of 57% compared with the same period last year. In Q3 of last year, Delcath posted a net loss of just -$1.0 million. Get the full story at our sister site, Drug Delivery Business News. The post Shares in Delcath fall after losses grow in Q3 appeared first on MassDevice.
Source: Mass Device - Category: Medical Devices Authors: Tags: Drug-Device Combinations MassDevice Earnings Roundup Oncology Pharmaceuticals Wall Street Beat Delcath Systems Inc. Source Type: news