WOBURN, Mass.--(BUSINESS WIRE)--ArQule, Inc. (NASDAQ: ARQL) today announced its financial results for the year and for the fourth quarter ended December 31, 2011.
The Company reported a net loss of $10,762,000, or $0.20 per share, for the year ended December 31, 2011, compared with a net loss of $30,129,000, or $0.68 per share, for the year ended December 31, 2010. For the quarter ended December 31, 2011, the Company reported net income of $3,768,000, or $0.07 per share, compared with a net loss of $5,756,000, or $0.13 per share, for the quarter ended December 31, 2010.
