Delayed FilingA delayed 10-K filing is often a cause for concern; in this case, management’s reasoning is taken at face value as the incoming auditor requires additional time.
Net LossNet loss was $17.8M, or ($0.50) per share, missing estimated income of $1.5M.
Regulatory And Market RisksRisks include lower-than-projected market uptake of products and inability to develop and secure regulatory approval of pipeline products.