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Stock impact report

Obalon Announces Third Quarter 2019 Financial Results

OBALON THERAPEUTICS (OBLN) 
Last obalon therapeutics earnings: 11/8 07:15 am Check Earnings Report
US:NASDAQ Investor Relations: investor.obalon.com
Company Research Source: GlobeNewswire
SAN DIEGO, Nov. 08, 2019 (GLOBE NEWSWIRE) -- Obalon Therapeutics, Inc. (NASDAQ:OBLN), a weight loss solutions company with the first and only FDA-approved swallowable, gas-filled intragastric balloon system for the treatment of obesity, today announced its financial results for the third quarter ended September 30, 2019. Third Quarter 2019 highlights: Announced the opening of the first Company-owned retail treatment center, the Obalon Center for Weight Loss in San Diego, CA., and initial patient treatmentsFurther streamlined operations and expenses to support the new commercial strategyRaised $16.6 million in gross proceeds from an equity offeringExtinguished long-term debt facility by making the final $5 million paymentPromoted William J. Plovanic to President and Chief Executive OfficerPromoted Nooshin Hussainy to Chief Financial Officer "During the third quarter, we opened the first Obalon Center for Weight Loss and began to lay the foundation for our new commercial strategy o Show less Read more
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