Vical Incorporated (VICL) saw its loss widen to $2.82 million, or $0.25 a share for the quarter ended Mar. 31, 2017. In the previous year period, the company reported a loss of $2.42 million, or $0.26 a share.
Revenue during the quarter plunged 30.39 percent to $3.20 million from $4.60 million in the previous year period. Operating margin for the quarter stood at negative 90.89 percent as compared to a negative 54.52 percent for the previous year period.
Operating loss for the quarter was $2.91 million, compared with an operating loss of $2.51 million in the previous year period.
Working capital remains almost stable
Vical Incorporated has witnessed a decline in the working capital over the last year. It stood at $38.34 million as at Mar. 31, 2017, down 0.78 percent or $0.30 million from $38.64 million on Mar. 31, 2016. Current ratio was at 5.33 as on Mar. 31, 2017, down from 11.65 on Mar. 31, 2016. Days sales outstanding went down to 64 days for the quarter compared with 86 days for the same period last year.
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