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CytRx (CYTR) Q1 earnings report analysis

  • CytRx (CYTR) posted its Q1 2019 results on Wednesday, May 15th;
  • The company has reported a loss of $1.4 million, or $0.04 per share;
  • The CYTR stock is now trading at a price of $0.52 per share.

CytRx Corp. (CYTR) posted its Q1 2019 results on Wednesday, May 15th. The company has reported a loss of $1.4 million in its first quarter, which can be translated into a loss of $0.04 per share. Losses, adjusted to account for discontinued operations, came out at $0.05 per share.

Shares of the CYTR stock closed at $0.52, which can be compared to the previous year’s price of $1.32.