Teligent, Inc. Announces Second Quarter 2019 Results
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., Aug. 05, 2019 (GLOBE NEWSWIRE) -- Teligent, Inc. (NASDAQ: TLGT), a New Jersey-based specialty generic pharmaceutical company, today announced its financial results for the second quarter ended June 30, 2019. Second Quarter 2019 Highlights Net revenues of $18.3 million for the second quarter of 2019, a $2.1 million increase over the same quarter in 2018 Gross margin of 47% for the second quarter of 2019, an 1,800 basis point increase from the 29% reported in the same quarter in 2018, driven primarily by a more favorable customer and product mix and a lower of cost or market adjustment which dampened the second quarter of 2018 gross margin by 300 basis points Operating income was $0.7 million for the second quarter of 2019, an improvement of $5.6 million or 114% compared to the operating loss of $4.9 million reported in the same quarter in 2018 As a result of the fluctuation in foreign exchange rates during the second quarter of 2019, the Company recorded a non-cash ga
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