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CTIC stated that it paid out $14.4 million in deemed dividends on preferred stock, and that the payments were related to financing activities.
The company said the loss amounted to $34.1 million, compared with $27.4 million last year. Loss per share decreased to $0.04 from $0.05, due to the company's sale of additional stock over the last year.
Analysts, in a survey with Thomson Reuters, had expected a fourth-quarter loss of $0.02 per share.
Cell Therapeutics (CTIC) reported a larger fourth quarter loss, which it attributed to an increase in dividends on preferred stock.
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