PolarityTE Reports Second Calendar Quarter 2019 Results

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Go back to PolarityTE Reports Second Calendar Quarter 2019 Results

PolarityTE (PTE) Tops Q2 EPS by 13c, Revenues Miss

August 8, 2019 7:13 AM EDT

PolarityTE (NASDAQ: PTE) reported Q2 EPS of ($0.92), $0.13 better than the analyst estimate of ($1.05). Revenue for the quarter came in at $1.33 million versus the consensus estimate of $9.98 million.

Highlights

Total Q2:19 Revenue of $1.326 millionSkinTE Q2:19 Revenue of $504 thousand vs $297 thousand in Q1:19 (70% increase quarter over quarter)Cash burn from operations in Q2:19 decreased 26% from Q1:19; a result of new... More