Teligent, Inc. Announces Second Quarter 2020 Results
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Teligent (TLGT) Tops Q2 EPS by 16c, Revenues Beat
August 19, 2020 7:35 AM EDTTeligent (NASDAQ: TLGT) reported Q2 EPS of ($1.54), $0.16 better than the analyst estimate of ($1.70). Revenue for the quarter came in at $13.6 million versus the consensus estimate of $10.3 million.
Financial Highlights
Second Quarter 2020 vs. First Quarter 2020
Revenues of $13.6 million, an increase of $6.1 million or 82%, stronger demand for both US topical products and injectable products sold in Canada Gross profit of $2.5 million, an increase of $3.7 million or 315% driven by the increase in revenues Product development and research expenses of $1.9 million, an increase of $0.1 million or 4% Selling, general and administrative... More