PolarityTE Reports First Quarter Results and Provides Business Update

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Go back to PolarityTE Reports First Quarter Results and Provides Business Update

PolarityTE (PTE) Reports In-Line Q1 EPS, Revenues Beat

May 13, 2021 4:27 PM EDT

PolarityTE (NASDAQ: PTE) reported Q1 EPS of ($0.12), in-line with the analyst estimate of ($0.12). Revenue for the quarter came in at $4.71 million versus the consensus estimate of $3.3 million.

David Seaburg, Chief Executive Officer, commented, The decision to wind down our commercial effort is based on the end of FDAs stated period of enforcement discretion, and given our pending IND submission, to complete our transition to a clinical stage biotech company. I... More