Aveo Pharmaceuticals Inc AVEO:NASDAQ

Last Price$6.56NASDAQ Closing Price as of 4:00PM ET 6/30/22

Today's Change+0.44(7.19%)
Bid (Size)$6.56 (1)
Ask (Size)$6.79 (1)
Day Low / High$6.01 - 6.77
Volume365.5 K

AVEO Pharmaceuticals Net Loss Narrows, Revenue Increases in Q4

7:28AM ET 3/14/2022 MT Newswires
AVEO Pharmaceuticals (AVEO) reported a Q4 net loss Monday of $0.21 per share, compared with a loss of $0.44 a year earlier. Analysts polled by Capital IQ expected a loss of $0.28 per share.

Net product revenue for the quarter ended Dec. 31 was $16.8 million compared with $0.9 million a year earlier. Analysts surveyed by Capital IQ expected $18.4 million.

For full-year 2022 the company said it expects net product revenue of between $100 million and $110 million, and that research and development expenses will be in the range of $60 million to $70 million. It also said it expects gross margins will continue to be in the mid-to-high 80th percentile in 2022.