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Second Sight reports $5.8 million net loss in first quarter
Second Sight reported a net loss of $5.8 million, or $0.16 per share, in the first quarter compared with a net loss of $5 million, or $0.14 per share, in the same quarter of 2015, according to a press release. Total revenue was reported at $1.1 million in the first quarter compared with $1.7 million in the same quarter of 2015. The decrease was attributed to a reduced number of U.S. Argus II implants due to the new Medicare outpatient payment rate, which became effective on Jan. 1. The company (Read more...)