TransEnterix (TRXC) Misses Q4 EPS by 1c, Says Audit Opinion Includes Explanatory Paragraph Related to Going Concern

TransEnterix (NYSE: TRXC) reported Q4 EPS of ($0.13), $0.01 worse than the analyst estimate of ($0.12).

Cash Outlook

The Company had cash and cash equivalents of approximately $38.4 million as of December 31, 2015, and approximately $47.1 million as of February 29, 2016. The Company expects its existing cash and cash equivalents to fund operations through the end of 2016. Pursuant to the disclosure requirements of the NYSE MKT Company Guide Section 610(b), the Company is reporting that its audited consolidated financial statements for the fiscal year ended December 31, 2015, included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission expected to be filed on or about March 3, 2016, contains an audit opinion from its independent registered public accounting firm that includes an explanatory paragraph related to the Company’s ability to continue as a going concern.

For earnings history and earnings-related data on TransEnterix (TRXC) click here.

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