Teligent (TLGT) Reports In-Line Q1 EPS, Miss on Revenue; Offers FY Revenue Guidance

Teligent (NASDAQ: TLGT) reported Q1 EPS of $0.02, in-line with the analyst estimate of $0.02. Revenue for the quarter came in at $19.9 million versus the consensus estimate of $20.5 million.

GUIDANCE:

Teligent sees FY2017 revenue of $85-100 million, versus the consensus of $93.65 million.

Full Year 2017 Financial Guidance

• The Company expects total revenue between $85 and $100 million for the year ending December 31, 2017.
• The Company anticipates gross margin of 50% to 54% for the year ending December 31, 2017.
• In order to complete all of the development work required for the 2017 filings, the Company expects to spend between 24% and 27% of total revenue in research and development by the end of 2017. The Company intends to continue its aggressive R&D commitment in 2017 in both the U.S. and Canada.

For earnings history and earnings-related data on Teligent (TLGT) click here.

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