PSivida reports $3.5 million in revenues for year ending June 30

Revenues for pSivida Corp. totaled $3.5 million for the fiscal year ending June 30, 2014, marking an increase of $1.4 million from the previous year, the company announced in a press release.The increase in revenues was mainly attributed to recognition of $1.5 million of consideration from a feasibility study agreement upon resolution of a contingency, according to the press release.Revenues for the quarter ending June 30 totaled $292,000, down from $492,000 for the same quarter a year earlier. Net loss for the quarter was $4 million, or $0.14 per share, (Read more...)