ArQule Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017; Provides Earnings Guidance for the Year 2017
For the nine months, the company reported loss from operations of $20,449,000 against $16,033,000 a year ago. Interest income was $125,000 against $135,000 a year ago. Net loss of $21,443,000 against $15,898,000 a year ago. Basic and diluted loss per share was $0.30 against $0.23 a year ago.
For the year 2017, the company expects net loss to be in the range of $28 million to $30 million. Net loss per share is expected to range between $0.38 and $0.40 for the year. Net use of cash to range between $25 million to $27 million.