Teligent (TLGT) Misses Q1 EPS by 5c, Revenues Miss

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Go back to Teligent (TLGT) Misses Q1 EPS by 5c, Revenues Miss

Teligent, Inc. Announces First Quarter 2020 Results

May 22, 2020 7:30 AM EDT

BUENA, N.J., May 22, 2020 (GLOBE NEWSWIRE) -- Teligent, Inc. (NASDAQ: TLGT), a New Jersey-based specialty generic pharmaceutical company, today announced its financial results for the first quarter ended March 31, 2020.

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... More