CHESTERBROOK, Pa. (AP) _ Trevena Inc. (TRVN) on Wednesday reported a loss of $14.7 million in its fourth quarter.
On a per-share basis, the Chesterbrook, Pennsylvania-based company said it had a loss of 24 cents.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 26 cents per share.
For the year, the company reported that its loss narrowed to $71.9 million, or $1.21 per share.
The company's shares closed at $2.02. A year ago, they were trading at $4.04.