THE WOODLANDS, Texas, Aug. 09, 2016 (GLOBE NEWSWIRE) -- Repros Therapeutics Inc.® (Nasdaq:RPRX) today announced financial results for the second quarter ended June 30, 2016.
Financial Results
Net loss for the three month period ended June 30, 2016, was ($4.3) million or ($0.18) per share as compared to a net loss of ($7.8) million or ($0.32) per share for the same period in 2015. The net loss for the six month period ended June 30, 2016, was ($9.1) million or ($0.38) per share as compared to a net loss of ($16.3) million or ($0.67) per share for the same period in 2015. The decreased loss for both the three and six month periods was primarily due to decreased clinical development expenses related to the Company’s enclomiphene product candidate, as well as decreased payroll and benefits expenses and legal expenses.
Financial Results
Net loss for the three month period ended June 30, 2016, was ($4.3) million or ($0.18) per share as compared to a net loss of ($7.8) million or ($0.32) per share for the same period in 2015. The net loss for the six month period ended June 30, 2016, was ($9.1) million or ($0.38) per share as compared to a net loss of ($16.3) million or ($0.67) per share for the same period in 2015. The decreased loss for both the three and six month periods was primarily due to decreased clinical development expenses related to the Company’s enclomiphene product candidate, as well as decreased payroll and benefits expenses and legal expenses.
