Asensus Surgical: Q1 Earnings Snapshot

DURHAM, N.C. (AP) — DURHAM, N.C. (AP) — Asensus Surgical, Inc. (ASXC) on Tuesday reported a loss of $22.5 million in its first quarter.

The Durham, North Carolina-based company said it had a loss of 8 cents per share. Losses, adjusted for non-recurring costs, came to 7 cents per share.

The maker of surgical robots and medical instruments posted revenue of $1.1 million in the period.

In the final minutes of trading on Tuesday, the company's shares hit 28 cents. A year ago, they were trading at 61 cents.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ASXC at https://www.zacks.com/ap/ASXC