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Article: ArQule Reports First Quarter 2009 Financial Results.(Financial report)
- Article from:
- Cancer Weekly
- Article date:
- May 26, 2009
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ArQule, Inc. (NASDAQ: ARQL) announced its financial results for the first quarter of 2009 (see also ArQule, Inc.).
For the quarter ended March 31, 2009, the Company reported a net loss of $9,908,000 or $0.23 per share, compared to a net loss of $13,914,000, or $0.32 per share, for the first quarter of 2008.
At March 31, 2009, the Company had a total of $192,371,000 in cash, equivalents and marketable securities, which includes $47,750,000 drawn down during the third and fourth quarters of 2008 under notes payable that are collateralized by the Company's auction rate securities. Net of these notes, at March 31, 2009 the Company had a total of ...
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