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TearLab reports 28% increase in net revenue
TearLab reported $25.2 million in net revenue and a $33.2 million net loss in 2015, according to a press release.The 28% increase in net revenue reflected a change from $19.7 million in 2014. Net revenue in the fourth quarter also reflected a 28% increase over the same period in 2014, from $5.3 million to $6.8 million, which was attributed partially to the addition of 200 TearLab Osmolarity systems under the company’s Flex program.