Feltl & Co Upgrades TearLab (TEAR) to Strong Buy

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Go back to Feltl & Co Upgrades TearLab (TEAR) to Strong Buy

TearLab Corporation Reports Q1-16 Financial Results

May 4, 2016 4:02 PM EDT

SAN DIEGO, May 04, 2016 (GLOBE NEWSWIRE) -- TearLab Corporation (NASDAQ: TEAR) (TSX: TLB) (TearLab or the Company) today reported its consolidated financial results for the first quarter ended March 31, 2016. All dollar amounts are expressed in U.S. currency and results are reported in accordance with United States generally accepted accounting principles.

For the three months ended March 31, 2016, TearLabs net revenues were $6.8 million, up 25% from $5.4 million for the same period in 2015. A net total of 257 TearLab Osmolarity® Systems were added in the first quarter of... More