Eyenovia posts quarterly loss

Eyenovia reported a net loss of $3.3 million, or $0.33 per share, in 2018’s second quarter compared with a $1 million net loss, or $0.43 per share, in the same time period of 2017.
General and administrative costs increased from $0.2 million to $0.9 million in the quarter, while research and development costs increased from $0.8 million to $2.4 million, according to a press release.
Total operating expenses rose 240% to $3.3 million from $1 million.
The company had a cash balance of $24.6 million as of June 30.

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