SciClone Q4 Net Drops Steeply
SciClone results for the company's Q4 and 2012 have been released, following a delay due to restatement. For the quarter, net revenues were $33 million, down from the nearly $40 million in the same period the previous year. Non-GAAP net profit dropped more precipitously, to $2.0 million ($0.04 per diluted share) from Q4 2011's bottom line of $11.4 million ($0.19).
For fiscal 2012, net revenues were higher on a year-over-year basis. They totaled $156 million compared to the 2011 figure of $133 million. Net profit inched up to $36.7 million ($0.63 per diluted share) for the year against 2011's $34.0 million ($0.59).
SciClone also provided forward guidance. For full-year 2013, revenues are expected to come in at $150 million to $155 million and EPS should be $0.66 to $0.72.
The article SciClone Q4 Net Drops Steeply originally appeared on Fool.com.Fool contributor Eric Volkman has no position in SciClone, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.