TearLab posts quarterly net loss

TearLab reported a net loss of $0.9 million, or $0.09 per share, in the first quarter of 2018 compared with a net loss of $4.4 million, or $0.82 per share, in the same time period of 2017.
Revenues for the quarter decreased 3.8% from 2017’s total of $6.7 million to $6.4 million this year, according to a press release.
Research and development costs decreased from $1.5 million to $1 million for the quarter, while general and administrative costs went down from $2.2 million to $2 million.
The company had $7.4 (Read more...)

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