Nuvo: Q1 Earnings Snapshot

By The Associated Press

Posted May 17, 2021 10:40:25 AM.

Last Updated May 17, 2021 10:55:07 AM.

MISSISSAUGA, Ontario (AP) _ Nuvo Pharmaceuticals Inc. (MRVFF) on Monday reported a first-quarter loss of $14.2 million, after reporting a profit in the same period a year earlier.

The Mississauga, Ontario-based company said it had a loss of $1.25 per share. Losses, adjusted for non-recurring costs, were 2 cents per share.

The drugmaker posted revenue of $11.4 million in the period.

The company’s shares closed at $1.30. A year ago, they were trading at 57 cents.

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

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