QLT, Inc. (QLTI) Posts Wider Q1 Loss

QLT, Inc. (NASDAQ: QLTI) reported Q1 EPS of ($0.41), $0.32 worse than the analyst estimate of ($0.09).

As at March 31, 2016, the Company’s consolidated cash and cash equivalents were $102.9 million compared to $141.8 million at December 31, 2015. The $38.9 million decrease was primarily due to the $45.0 million Aralez Investment, $4.5 million of strategic consulting and advisory fees and cash used in operating activities during the period. These cash decreases were partially offset by the $15.0 million of cash received on March 17, 2016 pursuant to the terms of the Backstop Agreement to fund the Aralez Distribution on April 5, 2016.

For earnings history and earnings-related data on QLT, Inc. (QLTI) click here.

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