Alliqua (ALQA) Posts Q2 EPS of $0.05

August 9, 2016 8:48 AM EDT
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Alliqua (NASDAQ: ALQA) reported Q2 EPS of $0.05, $0.32 better than the analyst estimate of ($0.27). Revenue for the quarter came in at $5.5 million versus the consensus estimate of $5.38 million.

"During the second quarter, we were pleased to achieve strong total revenue growth, led by contributions from our MIST Therapy franchise acquired from Celleration in May 2015, record quarterly sales of our Biovance Human Amniotic Membrane Allograft, and high levels of demand from our contract manufacturing customers,” said David Johnson, Chief Executive Officer of Alliqua. “In addition to our sales performance, we were able to lay the groundwork for our continued focus on regenerative technologies by securing important growth capital through the sale of our rights to the sorbion franchise, and by progressing towards the commercial launch of our Interfyl™ Human Connective Tissue Matrix.”

"Entering the second half of the year, we look forward to providing updates on our continued progress, as we remain focused on delivering superior regenerative healing technologies to our customers and creating value for our shareholders.”

For earnings history and earnings-related data on Alliqua (ALQA) click here.

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