Mesoblast Limited
(ASX:MSB) has recorded a small slip in revenue to US$4.1 million for the third quarter of 2016, compared with $4.2 million a year earlier.
Loss before income tax improved by 5 percent for the third quarter of 2016, compared with the third quarter of 2015.
Mesoblast said that at 31 March 2016, the company had cash reserves of US$100 million.
The company said it maintains last quarter’s guidance, namely that quarterly operating cash burn will reduce by approximately 20 to 25 percent in comparison with Q1 FY16 and Q4 FY15.
