ArQule, Inc. Announces Third Quarter Fiscal 2011 Results

WOBURN, Mass.--(BUSINESS WIRE)--ArQule, Inc. (NASDAQ: ARQL) today reported its results of operations for the fiscal quarter and nine months ended September 30, 2011.

The Company reported a net loss of $2,260,000 or $0.04 per share for the quarter ended September 30, 2011, compared to a net loss of $6,394,000 or $0.14 per share for the quarter ended September 30, 2010. For the nine-month period ended September 30, 2011, the Company reported a net loss of $14,530,000 or $0.28 per share, compared to a net loss of $24,373,000 or $0.55 per share for the same period in 2010.
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