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Asensus Surgical: Q1 Earnings Snapshot

May 4, 2022 GMT

DURHAM, N.C. (AP) _ Asensus Surgical, Inc. (ASXC) on Wednesday reported a loss of $19.1 million in its first quarter.

On a per-share basis, the Durham, North Carolina-based company said it had a loss of 8 cents. Losses, adjusted for one-time gains and costs, were 7 cents per share.

The maker of surgical robots and medical instruments posted revenue of $1.1 million in the period.

In the final minutes of trading on Wednesday, the company’s shares hit 44 cents. A year ago, they were trading at $1.85.

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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 ASXC at https://www.zacks.com/ap/ASXC