Insmed Loss Deepens in Q4, Narrows in 2012
Mar 18th 2013 7:09PM
Updated Mar 18th 2013 7:10PM
Insmed reported mixed numbers in its Q4 and 2012 results. For the quarter, the clinical-stage pharmaceutical company didn't report any revenue. In Q4 2011, by contrast, the top line was $1.4 million. Its attributable net loss deepened in this most recent quarter, to $15.5 million ($0.49 per diluted share) from Q4 2011's red figure of $8.2 million ($0.33).
The company also reported no revenue for fiscal 2012. The previous year's figure was $4.4 million. The attributable net loss for 2012, however, narrowed over that time span, to $41.4 million ($1.56 per diluted share) from the prior year's $68.8 million ($2.95).
Insmed's balance sheet has improved over the past 12 months. As of the end of 2012, it had cash and cash equivalents of nearly $93 million, compared with $78.4 million on the last day of 2011.
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