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Recap: CytoSorbents Q2 Earnings

Benzinga Insights
·1 min read

Shares of CytoSorbents (NASDAQ:CTSO) fell 2.15% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 27.27% year over year to ($0.08), which were in line with the estimate of ($0.08).

Revenue of $9,795,000 rose by 57.17% from the same period last year, which beat the estimate of $9,660,000.

Looking Ahead

CytoSorbents hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Aug 04, 2020

View more earnings on CTSO

Time: 04:45 PM

ET Webcast URL: https://viavid.webcasts.com/starthere.jsp?ei=1338510&tp_key=e984a6c557

Price Action

52-week high: $11.74

Company's 52-week low was at $3.49

Price action over last quarter: down 9.95%

Company Overview

CytoSorbents Corp is a critical care immunotherapy leader commercializing its European Union approved CytoSorb blood purification technology to treat deadly inflammation in critically ill and cardiac surgery patients in around 55 countries.The company is conducting its pivotal REFRESH 2 - AKI cardiac surgery trial, designed to support U.S. FDA approval. The company's product portfolio consists of CytoSorb, ContrastSorb, VetResQ, HemoDefend, K ontrol, and DrugSorb. The company has around 19 issued U.S. patents, multiple patents issued internationally, and a broad patent application portfolio pending.

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