Published in Heart Disease Weekly, October 17th, 2004
The company reported revenues for the fourth quarter of fiscal year 2004 of $10,000, with a net loss of $7.0 million, or $0.13 per share. In the fourth quarter of fiscal year 2003, Palatin reported revenues of $82,000, with a net loss of $6.5 million, or $0.15 per share. For fiscal year 2004, Palatin reported revenues of $2.3 million, with a net loss of $26.3 million, or $0.55 per share. This compares to revenues in fiscal year 2003 of $1.3 million, with a net loss of $20.6 million, or $0.73 per share.
According to Stephen T. Wills,...
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