Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

QLT Inc.’s (QLTI - Analyst Report) fourth-quarter 2012 adjusted net loss of 15 cents per share was narrower than the Zacks Consensus Estimate of a loss of 30 cents and the year-ago loss of approximately 19 cents per share. Lower operating expenses incurred by QLT in the final quarter of 2012 contributed to the narrower loss.

The company suffered a loss of 73 cents per share in 2012 compared with a loss of approximately 70 cents incurred in 2011. The Zacks Consensus Estimate for 2012 hinted at a loss of 98 cents per share.

QLT reported no revenues during the final quarter of 2012. We note that QLT’s product portfolio previously included eye-drug Visudyne, which it co-developed with Novartis (NVS - Snapshot Report). In Sep 2012, QLT sold its Visudyne business to Valeant Pharmaceuticals International, Inc. (VRX - Snapshot Report).

Research and development (R&D) expenses at QLT came in at $5 million in the final quarter of 2012 compared with $6.3 million in the year-ago quarter. Selling, general and administrative (SG&A) expense plummeted 47% to $2.4 million in the final quarter of 2012. The decrease was primarily attributable to cost savings from the restructurings announced by QLT in 2012.

The company restructured its operations to focus on the development of its synthetic retinoid, QLT091001, for treating certain inherited retinal diseases. QLT intends to meet the officials of the US Food and Drug Administration (FDA) shortly to discuss future development plans regarding QLT091001.

QLT currently carries a Zacks Rank #3 (Hold). Another company, Lannett, Inc. (LCI - Snapshot Report) is well placed in the pharma space, and carries a Zacks Rank #1 (Strong Buy).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
LAKE SHORE G LSG 0.77 +6.05%
SKECHERS USA SKX 38.53 +4.50%
QUESTCOR PHA QCOR 80.07 +2.47%
VIPSHOP HOLD VIPS 156.35 +1.82%
ENLINK MIDST ENLC 36.29 +1.60%