Acura Pharmaceuticals Announces Second Quarter 2018 Financial Results

Acura Pharmaceuticals (OTCQB:ACUR), a specialty pharmaceutical company innovating abuse deterrent drugs, announced today financial results for the three and six months ended June 30, 2018.

As quoted in the press release:

The Company reported a net loss of $2.8 million or $0.13 per diluted share for the six months ended June 30, 2018, compared to a net loss of $1.7 million or $0.15 per diluted share for the same period in 2017. For the second quarter 2018, the Company reported a net loss of $1.3 million or $0.06 per diluted share compared to a net loss of $2.2 million or $0.18 per diluted share for the same period in 2017.

For the six months ended June 30, 2018, the Company recorded $0.3 million in royalty revenue as compared to $0.1 million for the same period in 2017. For the six month period ended December 31, 2017, the Company also recorded $2.5 million in license fee revenue derived from the March 2017 license agreement with MainPointe Pharmaceuticals, LLC, whereas we licensed our NEXAFED product line to them and $0.1 million in each of NEXAFED® product line net sales and collaboration revenue.

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