TearLab (TEAR) Tops Q1 EPS by 2c
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TearLab Corporation Reports Q1-16 Financial Results
May 4, 2016 4:02 PM EDTSAN DIEGO, May 04, 2016 (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, 2016. 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, 2016, TearLabs net revenues were $6.8 million, up 25% from $5.4 million for the same period in 2015. A net total of 257 TearLab Osmolarity® Systems were added in the first quarter of... More
TearLab Announces $17.3 Million Registered Public Offering
May 4, 2016 7:02 AM EDTSAN DIEGO, May 04, 2016 (GLOBE NEWSWIRE) -- TearLab Corporation (NASDAQ: TEAR) (TSX: TLB) (TearLab or the Company) announced today the pricing of a public offering of the Companys common stock, resulting in total gross proceeds of approximately $17.3 million. The offering is expected to close on or about May 9, 2016, subject to satisfaction of customary closing conditions. Â
The offering was priced at $0.75 per share of common stock (or common stock equivalent), with each share of common stock coupled with a warrant to purchase one-half of one share of common stock.Â
... More