TearLab Corporation Reports Second Quarter and First Half 2018 Financial Results
TEARLAB CORP (TEAR)
Last tearlab corp earnings: 11/13 04:01 pm
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US:NASDAQ Investor Relations:
tearlab.com/investors.htm
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Source: GlobeNewswire
SAN DIEGO, Aug. 09, 2018 (GLOBE NEWSWIRE) -- TearLab Corporation (OTCQB: TEAR) (“TearLab” or the “Company”) today reported its consolidated financial results for the second quarter ended June 30, 2018. All dollar amounts are expressed in U.S. currency and results are reported in accordance with United States generally accepted accounting principles except where noted otherwise. Second Quarter and Recent Highlights Second quarter revenue of $6.4 million, holding revenue flat over the first quarter of 2018Income from operations of $0.5 million, compared to operating loss of $2.8 million in second quarter 2017Expanded the U.S. active device base to 4,761 TearLab Osmolarity SystemsOn track for resubmission and U.S. Food and Drug Administration (FDA) response to 510(k) filing of Tearlab Discovery™ Platform in back half of 2018Cash position of $6.4 million as of June 30, 2018 For the three months ended June 30, 2018, TearLab’s net revenues were $6.4 million, compared with $7 million f
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