IsoRay, Inc. (NYSE MKT:ISR) Q4 2020 Earnings Conference Call - Final Transcript
Sep 17, 2020 • 04:30 pm ET
related expenses when compared to fiscal year 2019. The Company's net loss improved significantly to $3.45 million for the fiscal year ended June 30, 2020. This compares to a net loss of $5.14 million in fiscal year 2019. The net loss per basic and diluted share was $0.05 versus $0.08 in fiscal year 2019. Basic and diluted share results are based on weighted average shares outstanding of approximately 67.6 million at fiscal year-end 2020 versus 67 million for the prior year period. As of June 30, 2020, the Company had cash, cash equivalents and certificates of deposit that totaled $2.39 million compared to $5.33 million at the end of fiscal 2019 -- ended June 30 2019. The Company has zero long-term debt. Shareholders' equity at the end of fiscal 2020 totaled $5.72 million versus $7.68 million in the prior-year comparable period. During the fourth quarter and fiscal 2020, the Company sold 1,247,232 common shares through its ATM facility and realized gross proceeds from those sales of approximately $920,000. I will now turn the call over to the operator to take questions from our analysts and institutional investors.