CELEBRATION, Fla. (AP) _ KemPharm Inc. (KMPH) on Thursday reported third-quarter net income of $3.1 million, after reporting a loss in the same period a year earlier.
The Celebration, Florida-based company said it had net income of 6 cents per share. Earnings, adjusted for non-recurring gains, came to 2 cents per share.
The specialty pharmaceutical company posted revenue of $11.5 million in the period.
In the final minutes of trading on Thursday, the company's shares hit 51 cents. A year ago, they were trading at $2.33.