TearLab Announces Proposed Public Offering of Common Stock

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Tearlab (TEAR) Prelim. Q4 Revenue Flat with Consensus; Offers Business Update, FY16 Outlook

February 1, 2016 7:05 AM EST

TearLab Corporation (NASDAQ: TEAR) announced certain preliminarily unaudited financial estimates for the fourth quarter of 2015 and provided an update on its business.

Preliminary Unaudited Q4-2015 Revenue and Available Cash

TearLab estimates that total revenue for the quarter ended December 31, 2015 will be approximately $6.8 million, reflecting an increase of approximately 28% from the fourth quarter of 2014. (The Street sees revenue of $6.9 million.) In addition, TearLab estimates that a net total of 258 TearLab Osomarlity®... More