Endologix (ELGX) Posts Q1 Loss of $0.90/Share

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Go back to Endologix (ELGX) Posts Q1 Loss of $0.90/Share

Endologix Reports First Quarter 2020 Financial Results

May 11, 2020 4:01 PM EDT

IRVINE, Calif.--(BUSINESS WIRE)-- Endologix, Inc. (the Company) (NASDAQ: ELGX), a developer and marketer of innovative treatments for aortic disorders, today announced its financial results for the first quarter ended March 31, 2020. The Companys financial results are preliminary and subject to any adjustments that may occur following the completion of the quarterly review of the Companys financial statements by its independent auditor.

Global revenue in the first quarter of 2020 was $28.51 million, a 19.9% decrease from $35.61 million in the first quarter of 2019.

Our first quarter results were impacted by the deferral of AAA... More