Biolase (BIOL) Misses Q2 EPS by 3c

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BIOLASE Reports 2017 Second Quarter and Six-Month Results

August 7, 2017 4:05 PM EDT

IRVINE, Calif.--(BUSINESS WIRE)-- BIOLASE, Inc. (NASDAQ: BIOL), the global leader in dental lasers, today reported its financial results for its second quarter and six months ended June 30, 2017.

Waterlase Express placements continued to ramp up following its February launch; however, overall revenue fell short of internal expectations and declined when compared to the 2016 second quarter. This was due in part to nearly $400,000 of OEM imaging backorders at quarters end, a year-over-year decline in current customer upgrade revenue and a lower price point for Waterlase Express. Last years second... More