Teligent, Inc. Announces First Quarter 2020 Results
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Teligent (TLGT) Misses Q1 EPS by 5c, Revenues Miss
May 22, 2020 7:32 AM EDTTeligent (NASDAQ: TLGT) reported Q1 EPS of ($0.23), $0.05 worse than the analyst estimate of ($0.18). Revenue for the quarter came in at $7.4 million versus the consensus estimate of $7.95 million.
First Quarter 2020 Highlights
Net Revenues for the first quarter of 2020 decreased to $7.4 million compared to $13.1 million in the same quarter of the prior year. The $5.7 million decrease was driven primarily by a $3.8 million decrease in US Teligent label products relating to lost contract volume and incremental price erosion, a decrease of $1.6 million in Canadian revenues due to supply constraints, and a $.3 million decline in contract... More