TELIGENT, INC. ANNOUNCES FOURTH QUARTER AND YEAR END 2019 RESULTS & AMENDMENTS TO EXISTING SECURED CREDIT FACILITIES
Teligent, Inc. (TLGT)
Last teligent, inc. earnings: 11/4 04:15 pm
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US:NASDAQ Investor Relations:
teligent.investorroom.com
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Source: GlobeNewswire
BUENA, N.J., April 08, 2020 (GLOBE NEWSWIRE) -- Teligent, Inc. (NASDAQ: TLGT), a New Jersey-based specialty generic pharmaceutical company, today announced its financial results for the fourth quarter and year ended December 31, 2019. Fourth Quarter 2019 Highlights Net Revenues for the quarter decreased by 5% to $16.0 million compared to the same quarter in 2018, driven primarily by a decline in both U.S. contract manufacturing and international injectable revenues partially offset by a 24% increase in U.S. Teligent label topical revenues $3.0 million of product development and research expenses in the fourth quarter of 2019, a 16% decline compared to $3.6 million for the same quarter in 2018 Selling, general and administrative expenses decreased by 9% to $5.1 million in the fourth quarter of 2019, excluding a $1.9 million non-cash impairment loss on intangible assets for the same quarter in 2018 In the fourth quarter of 2019, the Company issued May 2023 Series B Senior Unsecured
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