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News Breaks
April 10, 2014
08:55 EDTTEAR, TEAR, TEAR, TEAR, TEARTearLab management to meet with Roth Capital
Meetings to be held in Salt Lake City/ Denver/ San Francisco April 15-16 hosted by Roth Capital.
News For TEAR From The Last 14 Days
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February 1, 2016
07:21 EDTTEARTearLab files to sell $15M in common stock
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07:06 EDTTEARTearLab sees FY16 revenue growth 20% growth, consensus $32.19M
TearLab anticipates that it will maintain a 20 plus percent year-over-year revenue growth rate in 2016. This may be positively impacted by a number of potential growth accelerators, such as a regulatory approvals and commercial launch for TearLab's next generation multiplex tear testing platform, increased international market development, and the addition of osmolarity testing to professional clinical practice guidelines and protocols, some of which may occur during 2016. Over the longer-term, the productivity of its installed base should help the gross margins for the osmolarity testing business increase from the approximate 50% level achieved today to up to 60%. TearLab believes the combination of revenue growth, improving gross margins and disciplined cost control would allow it to achieve positive cash flow from operations when its annual revenue reaches a range of $50M to $60M.
07:05 EDTTEARTearLab to initiate divestiture or orderly wind down of OcuHub
TearLab announced that, based on a strategic review of its business, it has made a decision to initiate a divestiture or orderly wind down of its majority owned OcuHub subsidiary.While TearLab continues to explore a possible sale of OcuHub, if a divestiture transaction does not materialize, the wind down of the OcuHub operations is expected to be completed by the end of the first quarter of 2016. TearLab expects to record a pre-tax charge of approximately $1.4M related to the impairment of intangibles and fixed assets, which will be recorded in the fourth quarter of 2015. In addition, in the event of a wind down of the OcuHub business, TearLab expects to record an estimated pre-tax restructuring charge of approximately $600K for expenses related to winding down the business in the first quarter of 2016. However, the final restructuring charge and actual cost of winding down the business may vary significantly depending on the final disposition of OcuHub.
07:04 EDTTEARTearLab 'makes progress' towards introducing multiplex testing platform
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07:02 EDTTEARTearLab sees FY15 revenue $25.2M, consensus $25.35M
In addition, the company estimates its available cash balance at December 31, 2015 to be $13.8M.
07:02 EDTTEARTearLab sees Q4 revenue $6.8M, consensus $6.9M
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