TransEnterix (TRXC) Tops Q1 EPS by 1c

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Go back to TransEnterix (TRXC) Tops Q1 EPS by 1c

TransEnterix, Inc. Reports Operating Results for the First Quarter 2016

May 10, 2016 4:05 PM EDT

RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)-- TransEnterix, Inc. (NYSE MKT: TRXC), a medical device company that is pioneering the use of robotics to improve minimally invasive surgery, today announced its operating and financial results for the first quarter of 2016.

Financial Highlights

For the three months ended March 31, 2016, the Company reported total operating expenses of $15.0 million, including research and development expenses of $8.4 million, sales and marketing expenses of $1.7 million, and general and administrative expenses of $2.2 million. Total operating expenses increased from $9.8 million in the three months ended March... More