Athersys reports 3Q loss

CLEVELAND (AP) — Athersys Inc. (ATHX) on Wednesday reported a loss of $6 million in its third quarter.

The Cleveland-based company said it had a loss of 7 cents per share.

The biopharmaceutical company posted revenue of $311,000 in the period.

In the final minutes of trading on Wednesday, the company’s shares hit $1.66. A year ago, they were trading at $1.04.


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Keywords: Athersys, Earnings Report


This story has been corrected to show that the company lost $6 million, or 7 cents per share, on revenue of $311,000, not $30. 1 million, or 23 cents per share, on revenue of $28.1 million.