Tearlab (TEAR) Misses Q1 EPS by 4c

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TearLab Corporation Reports Q1-15 Financial Results

May 7, 2015 4:02 PM EDT

SAN DIEGO, May 7, 2015 (GLOBE NEWSWIRE) -- TearLab Corporation (Nasdaq: TEAR) (TSX: TLB) ("TearLab" or the "Company") today reported its consolidated financial results for the first quarter ended March 31, 2015. All dollar amounts are expressed in U.S. currency and results are reported in accordance with United States generally accepted accounting principles.

For the three months ended March 31, 2015, TearLab's net revenues were $5.4 million, up 28% from $4.2 million for the same period in 2014. A total of 261 orders for TearLab systems were booked in the first quarter, of which 213 were under the... More