Mediwound: Q1 Earnings Snapshot

YAVNE, Israel (AP) — YAVNE, Israel (AP) — MediWound Ltd. (MDWD) on Wednesday reported a loss of $9.7 million in its first quarter.

The Yavne, Israel-based company said it had a loss of $1.05 per share. Losses, adjusted for non-recurring costs, were 39 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 40 cents per share.

The developer of treatments for burns and hard-to-heal wounds posted revenue of $5 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $4.6 million.


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