YAVNE, Israel (AP) — YAVNE, Israel (AP) — MediWound Ltd. (MDWD) on Thursday reported a loss of $1.7 million in its fourth quarter.

The Yavne, Israel-based company said it had a loss of 19 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 23 cents per share.

The developer of treatments for burns and hard-to-heal wounds posted revenue of $5.3 million in the period, which met Street forecasts.

For the year, the company reported a loss of $6.7 million, or 75 cents per share. Revenue was reported as $18.7 million.

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