PolarityTE (PTE) Tops Q3 EPS by 3c, Revenues Beat

PolarityTE (NASDAQ: PTE) reported Q3 EPS of ($0.18), $0.03 better than the analyst estimate of ($0.21). Revenue for the quarter came in at $3.34 million versus the consensus estimate of $2.97 million.

Highlights

• Total revenues were $3.34 million in Q3:20 compared to $1.40 million in Q3:19
• SkinTE revenues were $1.16 million in Q3:20 compared to $0.84 million in Q3:19
• Contract services revenues were $2.18 million in Q3:20 and includes $1.75 million from COVID-19 testing

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

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