Digirad Corp: Drops on surprise loss as COVID-19 weighs on results

Star Equity Holdings

13/11/2020 16:23

** Shares of healthcare solutions provider  DRAD.O  fall 7%
to $2.50 
    ** Co posts Q3 adj.loss of 19 cents/shr vs expectations of a
15 cents/shr profit - Refinitiv IBES  urn:newsml:reuters.com:*:nGNXMY16c
    ** Q3 net loss widened to $1.8 mln vs $1.5 mln, a year
earlier
    ** DRAD said its Q3 operating and financial results
continued to be impacted by the slowdown due to COVID-19
    ** Revenue in its healthcare segment dropped 14.9% to $21.8
mln  
    ** Marketing, sales, general and administrative expenses
increased 12.5% in the qtr
    ** Stock down 3.5% YTD 

 (Reporting by Shradha Singh in Bengaluru)
 ((Shradha.Singh@thomsonreuters.com; within U.S. +1 646 223 8780
Ext: 2804, outside U.S. +91 80 6182 2630;))