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Stock Market & Financial Investment News

News Breaks
June 12, 2014
16:11 EDTOCLSOculus reports Q4 EPS 99c, may not compare to consensus (21c)
Reports Q4 revenue $2.9M, consensus $3.42M. As a result of the Ruthigen IPO and its deconsolidation with Oculus, during the three months ended March 31, the company recorded a gain in the amount of $11.1M. For financial reporting purposes, the aggregate fair value of Oculus' remaining 43% investment as of March 31, was $10.2M. Such valuation may change over time as the market value of Ruthigen stock changes.
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August 25, 2014
10:50 EDTOCLSOculus receives FDA 510(k) clearance for root canal solution
The FDA decided the product was Substantially Equivalent on August 18, according to a post on the agency's website. Reference Link

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