Savara (SVRA) Tops Q4 EPS by 3c

Savara (NASDAQ: SVRA) reported Q4 EPS of ($0.23), $0.03 better than the analyst estimate of ($0.26).

Savara's net loss for the fourth quarter of 2017 was $6.5 million, or $(0.23) per share, compared with a net loss of $4.0 million, or $(1.31) per share, for the fourth quarter of 2016.

Research and development expenses were $6.4 million for the fourth quarter of 2017, compared with $3.5 million for the fourth quarter of 2016.

General and administrative expenses for the fourth quarter of 2017 were $2.8 million, compared with $0.9 million for the fourth quarter of 2016.

As of December 31, 2017, we had cash of $22.1 million and short-term investments of $72.2 million. The Company's operating expenses for the fourth quarter of 2017 were approximately $9.3 million. Savara ended the fourth quarter of 2017 with approximately $14.8 million outstanding in long-term debt on its balance sheet, which we utilized to bolster operations.

For earnings history and earnings-related data on Savara (SVRA) click here.

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