LAKE FOREST, Ill. (AP) _ Akorn Inc. (AKRX) on Monday reported a loss of $256.7 million in its first quarter.
On a per-share basis, the Lake Forest, Illinois-based company said it had a loss of $2.01. Earnings, adjusted for non-recurring costs and stock option expense, came to 36 cents per share.
The generic drugmaker posted revenue of $204.7 million in the period.
In the final minutes of trading on Monday, the company's shares hit 25 cents. A year ago, they were trading at $4.47.