Cesca Therapeutics Stems Revenue Losses
Cesca, which is transitioning into a regenerative health technology company, cut operating costs and employees to reduce losses to $623,000, down from $4.4 million the year before.
Sacramento Business Journal:
Cesca Therapeutics Lowers Losses By Cutting Costs
Rancho Cordova-based Cesca Therapeutics Inc. on Tuesday reported lower losses in its fiscal half as the company cut costs. Cesca lost $623,000 in the three months ended Dec. 31, down from a loss of $4.4 million in the same period the previous year. The company had revenue of $3.3 million in its fiscal second quarter, down from $4.6 million the previous year. (Anderson, 2/16)