Nuvo Research posts loss of $913,000 in first quarter

MISSISSAUGA, Ont. – MISSISSAUGA, Ontario (AP) _ Nuvo Research Inc. (NRIFF) on Wednesday reported a loss of $913,000 in its first quarter.

The Mississauga, Ontario-based company said it had a loss of 8 cents per share. Earnings, adjusted to account for discontinued operations, were 11 cents per share.

The drugmaker posted revenue of $5.7 million in the period.

Nuvo Research shares have climbed 40 per cent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.29, a rise of 34 per cent in the last 12 months.


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Keywords: Nuvo Research, Earnings Report