AGTC reports $1.4 million net loss in third quarter

Applied Genetic Technologies Corporation reported $10.3 million in revenue for the third quarter of 2017 compared with $11.8 million in the same time period of 2016.
A net loss of $1.4 million was reported for the quarter compared with a net income of $3 million last year, according to a company press release.
General and administrative expenses increased from $2.8 million in 2016’s third quarter to $3.7 million this period, which was attributed to higher corporate infrastructure, employee-related and share-based compensation expenses. Research and development expenses increased from $5.6

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