Amarin Reports Q3 Revenue Decline Amid U.S. Pricing Pressures
Amarin Corporation reported third-quarter revenue of $39.6 million, representing a 20.3% year-over-year decrease attributed to pricing pressures in the United States market. Despite the top-line decline, the company significantly improved its bottom line through aggressive cost management. The company's operating expenses fell by 44% compared to the previous year, helping narrow the operating loss to $2.4 million from a much larger loss of $11.1 million in the prior year period. Amarin reported Non-GAAP earnings per diluted share (EPADS) of $0.08 for the quarter.
Tickers: $AMRN
Topics: cash position earnings report operating loss reduction revenue decline
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