YAVNE, Israel (AP) — YAVNE, Israel (AP) — MediWound Ltd. (MDWD) on Wednesday reported a loss of $3 million in its first quarter.
On a per-share basis, the Yavne, Israel-based company said it had a loss of 23 cents.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 65 cents per share.
The developer of treatments for burns and hard-to-heal wounds posted revenue of $1.5 million in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $3.4 million.
MediWound expects full-year revenue in the range of $24 million to $26 million.
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