Biolase (BIOL) Reports Q3 Loss of $0.09/Share

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Go back to Biolase (BIOL) Reports Q3 Loss of $0.09/Share

BIOLASE Reports 2015 Third Quarter Results

November 4, 2015 4:05 PM EST

IRVINE, Calif.--(BUSINESS WIRE)-- BIOLASE, Inc. (NASDAQ: BIOL), the global leader in dental lasers, today reported its financial results for the third quarter and nine months ended September 30, 2015.

Selected highlights of the 2015 third quarter include:

Worldwide revenue of $11.2 million was down $1.5 million, or 12% year over year, largely attributable to $0.7 million lower imaging revenue, and $0.6 million lower service revenue (e.g. training and service agreements) related to a favorable change in accounting estimate made in Q3 2014 to recognize deferred training revenue over a shorter time... More