A slight increase in revenue for the fourth quarter wasn't enough to offset a net loss for Lantheus Holdings, parent company of Lantheus Medical Imaging, in either the fourth quarter or for the full year.
For the fourth quarter (end-December 31), Lantheus posted revenue of $94.2 million, up 5.4% compared with revenue of $89.3 million in the same period the year before. The company's net loss for the most recent period was $3.4 million, compared with net income of $10.5 million in the fourth quarter of fiscal 2019.
For the full fiscal year, Lantheus posted revenue of $339.4 million, which is a 2.3% drop from 2019 when its net revenue was $347.3 million. The firm's net loss for the full fiscal 2020 was $13.5 million, compared with a net income of $31.7 million for the year before.
