HomeEquities ScoreWhy did OptiNose Inc. (OPTN) stock flip in the after-markets on Monday?

Why did OptiNose Inc. (OPTN) stock flip in the after-markets on Monday?

OptiNose Inc. (OPTN) shares gained 1.23% in after-hours on Monday, December 27, 2021, and closed the daily trading at $1.65. However, in the regular trading session of Monday, OPTN’s stock lost 4.12%. OPTN shares have fallen 65.54% over the last 12 months, and they have moved down 3.55% in the past week. Over the past three months, the stock has lost 48.42%, while over the past six months, it has declined 52.62%.

Let’s discuss its recent news and developments.


Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here. .

Sponsored


>> 7 Top Picks for the Post-Pandemic Economy << 

OPTN new appointment

On December 13, 2021, the board of directors of Optinose (OPTN), appointed Drs. Eric Bednarski and Kyle Dempsey as new directors.

Read More

Before joining Optinose, Eric and Kyle currently serve as Partners at MVM Partners LLP (MVM), a growth equity firm that has invested in innovative, high-growth healthcare businesses since 1997.

OPTN participation in the recent event

Optinose (OPTN) recently participated at the Piper Sandler 33rd Annual Virtual Healthcare Conference which was held on December 2, 2021. The company was presented by Chief Executive Officer Peter Miller during the event.

OPTN inducement grants

On November 18, 2021, OptiNose, Inc. (OPTN), granted a non-qualified stock option award to purchase an aggregate of 53,500 shares of its common stock to six new employees as an inducement material for accepting employment with OptiNose.

OPTN latest financial results

On November 15, 2021, Optinose (OPTN), announced its financial results for the quarter ended September 30, 2021.

Q3 2021 financial highlights

  • OPTN’s total revenue was $21.83 million in Q3 2021 compared to $15.5 million in Q3 2020.
  • Research and development expenses were $7 million in Q3 2021 compared to $6.5 million in Q3 2020.
  • Selling, general and administrative expenses were $25.8 million compared to $24.57 million in Q3 2020.
  • It suffered a net loss of $17.1 million or $0.32 per basic and diluted share in Q3 2021 compared to a net loss of $21.2 million or $0.43 per basic and diluted share in Q3 2020.
  • As of September 30, 2021, the company had cash and cash equivalents of $84.2 million.

OPTN patient enrollment in 2nd Pivotal Trial for XHANCE

On October 28, 2021, Optinose (OPTN), successfully completed recruitment in the second of two Phase 3b pivotal clinical trials to evaluate the safety and efficacy of XHANCE® (fluticasone propionate) nasal spray as a treatment for patients with chronic sinusitis (CS).

>> 7 Top Picks for the Post-Pandemic Economy << 

Conclusion

Well, as of this writing, we have no recent news which could be linked with its mixed performance on Monday. We are unable to predict how it will perform in the coming trading sessions.

Related Videos

Must Read

Related News

LEAVE A REPLY

Please enter your comment!
Please enter your name here