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Nabi Biopharmaceuticals Announces Second Quarter 2009 Financial Results
Nabi Biopharmaceuticals, 08/07/09
Nabi Biopharmaceuticals announced its second quarter financial results for the three month period ended June 2009. The Company reported a net loss from continuing operations of $5.8 million, or $0.11 per share, compared to a net loss of $5.7 million, or $0.11 per share, for the period ended June 28, 2008. Including results from discontinued operations, Nabi had a net loss of $5.8 million, or $0.11 per share, for the current period compared to a net loss of $3.7 million, or $0.07 per share in the second quarter of 2008. The 2008 results have been adjusted to reflect the retrospective application of FSP 14–1 accounting rules for convertible debt instruments that were adopted in the first quarter of 2009.
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