PolarityTE (PTE) Reports Q4 Reveneus Miss

PolarityTE (NASDAQ: PTE) reported Q4 revenue for the quarter came in at $1.47 million versus the consensus estimate of $1.6 million.

Q4:2019 Results

• 10% QOQ increase in paid cases; 89 in Q4:19 vs 81 in Q3:19
• 15% QOQ decrease in SkinTE revenues; $0.714M in Q4:19 vs $0.839M in Q3:19
• 26% QOQ increase in repeat paid users; 29 in Q4:19 vs 23 in Q3:19
• 4% QOQ decrease in new paid users; 23 in Q4:19 vs 24 in Q3:19

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

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