Intersect ENT Reports Second Quarter 2020 Financial Results

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Go back to Intersect ENT Reports Second Quarter 2020 Financial Results

Intersect ENT (XENT) Misses Q2 EPS by 9c, Revenues Beat

August 4, 2020 7:23 AM EDT

Intersect ENT (NASDAQ: XENT) reported Q2 EPS of ($0.65), $0.09 worse than the analyst estimate of ($0.56). Revenue for the quarter came in at $9.8 million versus the consensus estimate of $5.41 million.

Second Quarter 2020 Overview

Revenue of $9.8 million in the second quarter of 2020, compared to $26.7 million in the second quarter of 2019Strong sales trend reinforces confidence in sequential second half revenue growthCash, Cash Equivalents and Short-term Investments of $135.8 million

"While well below last year, we achieved... More