Rockwell Medical rises on smaller-than-expected Q4 loss

Rockwell Medical

30/03/2023 15:31

** Shares of commercial health company Rockwell Medical Inc
 RMTI.O  up 6.3% at $1.67
    ** Co reports a smaller-than-expected loss of $0.20 per
share in Q4, compared with Wall Street estimates for a loss of
$0.39
    ** Co also reports Q4 revenue of $19.3 mln, beating
Refinitiv estimates of $16.31 mln
    ** Projects 2023 net sales forecast in the range of $78 mln
to $82 mln, compared with analyst's avg. estimate of $78.43 mln
    ** RMTI shares up 67.49% YTD

 (Reporting by Tanya Jain)
 ((Tanya.Jain@thomsonreuters.com))