AcelRx Pharmaceuticals: Q2 Earnings Snapshot

August 11, 2022 GMT

HAYWARD, Calif. (AP) _ AcelRx Pharmaceuticals Inc. (ACRX) on Thursday reported second-quarter net income of $70.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Hayward, California-based company said it had net income of 48 cents. Losses, adjusted for non-recurring gains, came to 6 cents per share.

The drugmaker posted revenue of $570,000 in the period.

In the final minutes of trading on Thursday, the company’s shares hit 31 cents. A year ago, they were trading at $1.21.

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