Arrowhead Research Corporation ARWR today announced financial results for its fiscal 2010 fourth quarter and year ended September 30, 2010.
For the quarter ended September 30, 2010, Arrowhead's revenue was $181,000, compared with $187,000 in the quarter ended September 30, 2009. Total operating expenses for the quarter ended September 30, 2010 were $2.5 million, a decrease of $1.2 million from $3.7 million during the quarter ended September 30, 2009.
Net loss attributable to Arrowhead for the quarter ended September 30, 2010 was $2.0 million, or $0.03 per share based on 71.1 million weighted average shares outstanding. This compares with a net loss attributable to Arrowhead of $3.5 million, or $0.06 per share based on 51.5 million weighted average shares outstanding, for the quarter ended September 30, 2009.
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