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Palatin Tech net loss improves in FQ2

  • Palatin Tech (NYSE:PTN +6.8%) FQ2 results: Revenues: $0; R&D Expense: $8.1M (-28.3%); SG&A: $1.3M (-7.1%); Operating Loss: ($9.4M) (+25.4%); Net Loss: ($10M) (+24.2%); Loss Per Share: ($0.06) (+25.0%); Quick Assets: $13.5M (+43.6%).
  • No guidance given.
  • Shares are up 1.4% premarket.

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Palatin Technologies, Inc.