Egalet Corp (EGLT) Releases Earnings Results, Beats Expectations By $0.06 EPS

Egalet Corp (EGLT) reported quarterly earnings results on Tuesday, May-10-2016. The company said it had a profit of $-0.76 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $-0.82. The company posted revenue of $2.70 million in the period, compared to analysts expectations of $2.94 million. The company’s revenue was up 237.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-1.02 EPS.

Egalet Corp closed down -0.67 points or -10.65% at $5.62 with 3,17,993 shares getting traded on Friday. Post opening the session at $6.23, the shares hit an intraday low of $5.38 and an intraday high of $6.48 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Apr 6, 2016, Robert S Radie (President and CEO) sold 5,000 shares at $6.99 per share price. According to the SEC, on Apr 6, 2016, Deanne F. Melloy (Chief Commercial Officer) sold 860 shares at $6.96 per share price. On Apr 4, 2016, Stan Musial (Chief Financial Officer) sold 3,480 shares at $7.02 per share price, according to the Form-4 filing with the securities and exchange commission.

Egalet Corporation is a specialty pharmaceutical company developing manufacturing and commercializing medicines for patients with acute and chronic pain. The Company’s products include OXAYDO and SPRIX Nasal Spray. OXAYDO is the immediate-release oxycodone product formulated to deter abuse via snorting for the management of acute and chronic moderate to severe pain where an opioid is appropriate. SPRIX Nasal Spray is the nasal spray formulation of non-steroidal anti-inflammatory drug (NSAID) ketorolac used for short-term management of moderate to moderately severe pain that requires analgesia at the opioid level. The Company is developing two late-stage product candidates using Guardian Technology. The lead program Egalet-001 is an abuse-deterrent extended-release oral morphine formulation and Egalet-002 is an abuse-deterrent extended-release oral oxycodone formulation.

Egalet Corp

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