Friday
October
24
2014
11:09 am
Weather
  Search Again
  Home
  Local News
  State / National / World
  Sports
  Opinion / Letters
  Business
  Arts / Entertainment
  Lifestyle
  Obituaries
  Calendar
  Submit Event
  Comics / Games
  DJ Designers
  Archives
  Advertise With Us
  About Us
 

Check out our archive of Dining Guides - Yum!

TearLab 4Q loss widens as expenses climb
March 21, 2013, 05:00 AM The Associated Press

SAN DIEGO -- TearLab's fourth-quarter loss widened as operating expenses rose.

Its loss was larger than Wall Street expected and its shares slipped 2 percent in morning trading Wednesday.

The San Diego company, which provides diagnostic tests for eyes, lost $3.7 million, or 13 cents per share, for the three months ended Dec. 31. That compares with a loss of $3.5 million, or 17 cents per share, a year earlier.

Analysts surveyed by FactSet expected a smaller loss of 11 cents per share.

Total operating expenses increased to $4 million from $2.8 million.

Revenue more than tripled to $1.6 million from $499,000, meeting Wall Street's expectations.

The company reported 232 system orders booked in the quarter.

For the year, TearLab Corp. lost $19.3 million, or 76 cents per share. In the previous year it lost $8.8 million, or 50 cents per share. Annual revenue nearly doubled to $4 million from $2.1 million.

Shares fell 13 cents, or 2.1 percent, to $6.20 in mid-morning trading. Over the past year, the stock has traded in a range of $2.57 to $6.61 per share.


Print this Page Print this Page |  Bookmark and Share
<< Back
 
  


 
You are in the Archives

Exit
  RSS feed RSS
Daily Journal Quick Poll
 
What is the most important issue facing the United States right now?

Ebola
Islamic State
Income gap
Russia/Ukraine
Immigration
Health care
The economy
 
 
 

 
 
  
 
  
 
 
 
 
©2014 Daily Journal - San Mateo County’s homepage