China Pharma Holdings (CPHI) posts larger loss but raises cash and adds patents
China Pharma Holdings (CPHI) reported six-month revenue of $1.93M, down 10.6% year over year, with gross margin improving to a 19.1% profit. Net loss widened to $2.60M from $1.31M, mainly due to higher amortization on newly acquired patents. Cash was $0.30M; it raised $5.0M gross (net $4.43M) by selling shares and issued 25M shares for $14.99M in intangibles.
