DURECT Corp (DRRX) Reports In-Line Q4 EPS

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Go back to DURECT Corp (DRRX) Reports In-Line Q4 EPS

DURECT Corporation Announces Fourth Quarter and Full Year 2018 Financial Results and Update of Programs

March 7, 2019 4:05 PM EST

CUPERTINO, Calif., March 7, 2019 /PRNewswire/ -- DURECT Corporation (Nasdaq: DRRX) today announced financial results for the three months and year ended December 31, 2018 and provided a corporate update.  

Total revenues were $3.6 million and net loss was $7.3 million for the three months ended December 31, 2018 as compared to total revenues of $19.5 million and net profit of $8.2 million for the three months ended December 31, 2017. Revenues for the three months ended December 31, 2017 included the recognition of $15.4 million in deferred revenue from the $20 million upfront fee associated with our terminated agreement with Sandoz... More