SAN DIEGO (AP) _ Otonomy Inc. (OTIC) on Monday reported a loss of $12 million in its first quarter.
The San Diego-based company said it had a loss of 39 cents per share.
The biotechnology company posted revenue of $192,000 in the period.
In the final minutes of trading on Monday, the company's shares hit $2.93. A year ago, they were trading at $4.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OTIC at https://www.zacks.com/ap/OTIC