Roivant Sciences' Fiscal Q1 Net Loss Narrows, Revenue Declines

MT Newswires Live

08/06

Roivant Sciences (ROIV) reported a fiscal Q1 net loss Thursday of $0.26 per diluted share, narrowing from a loss of $0.33 per share a year earlier.

Four analysts polled by FactSet expected a loss of $0.33 per share.

Revenue for the quarter ended June 30 was $1.4 million, compared with $2.2 million a year earlier.

Analysts expected $2.1 million.

Shares of Roivant Sciences were up more than 1% premarket Thursday.

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