Opthea Limited: Revenues Up, Losses Widen

Opthea Limited Sponsored ADR (OPT) has released an update.

Opthea Limited has reported a 5.5% increase in revenues for the fiscal year ended June 30, 2024, reaching $3.5 million, but the company’s losses have also risen sharply by 54.5% to $220.2 million. The net tangible asset backing per ordinary security has fallen to negative $0.07, and the company did not pay or declare any dividends during the reporting period.

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