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Zogenix top line up 81%; net loss widens; going concern risk weighs on shares, down 7%

Mar. 10, 2017 9:18 AM ETZogenix, Inc. (ZGNX) StockBy: Douglas W. House, SA News Editor2 Comments
  • Zogenix (NASDAQ:ZGNX) Q4 results ($M): Revenues: 11.0 (+80.7%); Contract manufacturing revenue: 11.0 (+106.3%).
  • Net Loss: (23.5) (-165.7%); Loss/Share: (0.95) (-163.9%); Quick Assets: 91.6 (-41.0%).
  • Shares are down 7% premarket pressured by its accounting firm's opinion that its losses and negative cash flows create "substantial doubt" over its ability to continue as a going concern (10-K, pages 34-35).

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