CollPlant (CLGN) Reports Q3 Loss of $0.41/Share

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Go back to CollPlant (CLGN) Reports Q3 Loss of $0.41/Share

CollPlant Reports Third Quarter 2019 Financial Results and Provides Business Update

November 29, 2019 7:00 AM EST

REHOVOT, Israel, Nov. 29, 2019 /PRNewswire/ -- CollPlant (NASDAQ: CLGN), a regenerative medicine company, today announced financial results for the third quarter ended September 30, 2019 and provided an update on the Company's business developments. Certain metrics, including those expressed on an adjusted basis, are non-GAAP measures. See "Use of Non-IFRS (non-GAAP) Measures" below.

CollPlant reported revenues of $679,000 for the third quarter of 2019, an increase of 203% compared to $224,000 in the third quarter of 2018. The Company ended the third quarter of 2019 with $5.7 million in cash and cash equivalents. Operating loss for the three... More