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Idera: 4Q Earnings Snapshot

March 12, 2020 GMT

EXTON, Pa. (AP) _ Idera Pharmaceuticals Inc. (IDRA) on Thursday reported a loss of $23.2 million in its fourth quarter.

The Exton, Pennsylvania-based company said it had a loss of $1.76 per share. Losses, adjusted for non-recurring costs, were 40 cents per share.

For the year, the company reported that its loss narrowed to $56.5 million, or $2.96 per share. Revenue was reported as $1.4 million.

The company’s shares closed at $1.38. A year ago, they were trading at $2.70.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IDRA at https://www.zacks.com/ap/IDRA