PolarityTE (PTE) Tops Q3 EPS by 11c

PolarityTE (NASDAQ: PTE) reported Q3 EPS of ($0.87), $0.11 better than the analyst estimate of ($0.98). Revenue for the quarter came in at $1.4 million versus the consensus estimate of $1.38 million.

• Total revenues were $1.395 million in Q3:19, an increase of 5% compared to Q2:19
• SkinTE revenues were $839 thousand in Q3:19, an increase of 66% compared to Q2:19
• Paid Cases were up 76% in Q3:19 compared to Q2:19
• New Users were up 71% in Q3:19 compared to Q2:19
• Repeat Users were up 64% in Q3:19 compared to Q2:19
• Cash Burn from Operations was ~$3.95 million per month in Q3:19

For earnings history and earnings-related data on PolarityTE (PTE) click here.

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