Opko Health swings to fourth-quarter loss on a YOY basis
Source: IRIS | 04 Mar, 2017, 05.56PM
Powered by IRIS XBRL Data
|
|
|
|
|
| Rating: NAN / 5 stars. |
 Comments | Post Comment |
|
Notice: Undefined variable: fileR in /me/beta.myiris.com/htdocs/newsCentre/bin/addLinksNew.php on line 17
Notice: Undefined variable: fileR in /me/beta.myiris.com/htdocs/newsCentre/bin/addLinksNew.php on line 142
 OPKO Health, Inc (OPK) swung to a net loss for the quarter ended Dec. 31, 2016. The company has made a net loss of $13.70 million, or $ 0.04 a share in the quarter, against a net profit of $1.60 million, or $0.00 a share in the last year period. Revenue during the quarter went down marginally by 0.25 percent to $275.50 million from $276.20 million in the previous year period. Gross margin for the quarter contracted 601 basis points over the previous year period to 42.18 percent. Operating margin for the quarter stood at negative 18.29 percent as compared to a negative 2.86 percent for the previous year period. Operating loss for the quarter was $50.40 million, compared with an operating loss of $7.90 million in the previous year period. “OPKO reached a number of important milestones during 2016,” stated Phillip Frost, M.D., Chairman and Chief Executive Officer of OPKO. “We launched RAYALDEE, the first new medicine we have developed and launched ourselves. The commercial team is making great strides in the early days of the launch and has so far secured formulary access for 60% of all U.S. insured patients.” Working capital increases
OPKO Health, Inc has recorded an increase in the working capital over the last year. It stood at $220.30 million as at Dec. 31, 2016, up 8.98 percent or $18.14 million from $202.16 million on Dec. 31, 2015. Current ratio was at 1.84 as on Dec. 31, 2016, up from 1.80 on Dec. 31, 2015.
Debt comes down
OPKO Health, Inc has recorded a decline in total debt over the last one year. It stood at $43.70 million as on Dec. 31, 2016, down 10.82 percent or $5.30 million from $49 million on Dec. 31, 2015. Total debt was 1.58 percent of total assets as on Dec. 31, 2016, compared with 1.75 percent on Dec. 31, 2015. Debt to equity ratio was almost stable at 0.02 as on Dec. 31, 2016, when compared with the last year. Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: editor@irisindia.net
|
|
|
|
|
|
|
|
|
|
