Adherex Technologies Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported loss from operations of $537,000 against $616,000 a year ago. Net loss and comprehensive loss was $4,108,000 against net profit and comprehensive profit of $2,715,000 a year ago. Basic net loss per common share was $0.16 against basic net income per share was $0.11 a year ago. The decrease in the net loss from operations excluding the non-cash impact of derivatives is primarily due to a reduction in research and development expenses.

Adherex Technologies Inc. announced audited consolidated earnings results for the year ended December 31, 2012. For the year, the company reported loss from operations of $3,620,000 against $3,438,000 a year ago. Net loss and comprehensive loss was $5,163,000 against $4,685,000 a year ago. Basic net loss per common share was $0.21 against $0.20 a year ago. The increase in the net loss from operations excluding the non-cash impact of derivative warrants is primarily due to an increase in research and development expenses of $0.6 million that was offset by decreased general and administrative expenses of $0.4 million in the comparable periods.

Adherex Technologies Inc. filed its 10-K on Apr 01, 2013 for the period ending Dec 31, 2012. In this report its auditor, Deloitte & Touche LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.