Finance

Tapestry reports Q1 2006 operating loss of $4.3 million compared to $4.4 million a year ago

Published in Women's Health Weekly, June 5th, 2006

Tapestry Pharmaceuticals, Inc. (TPPH) reported an operating loss for the first quarter of 2006 of $4.3 million compared to an operating loss of $4.4 million for the first quarter of 2005.

The net loss for the first quarter of 2006 was $4.4 million, or $1.26 basic and diluted loss per share. This compares to a net loss for the first quarter of 2005 of $4.6 million, or $1.36 basic and diluted loss per share.

As of March 29, 2005, Tapestry had $10.6 million in cash, cash equivalents, and short-term investments.

On April 6, 2006, Tapestry sold an aggregate of 12,750,000 shares of its common stock, and related warrants to purchase up...

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Source: Women's Health Weekly (2006-06-05)

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