In its second quarter results, BIOLASE reported $12.6 million in revenues, a 9 percent decline.
Here are five highlights:
1. Net revenue for the first half of 2017 was $23.5 million, a decrease of 5 percent from the $24.8 million in 2016.
2. Gross profit as a percentage of a revenue for the second quarter was 37 percent, as compared to 41 percent in the second quarter of 2016.
3. BIOLASE reported $9.2 million in total operating expenses. In the second quarter of 2016, the company reported $9 million.
4. Net loss for the second quarter was $4.3 million, or a $0.06 loss per share, compared to a net loss of $3.5 million during the second quarter of 2016.
5. In order to turn a profit, BIOLASE is looking to streamline operations, reduce payroll and consulting expenses and reduce planned discretionary spending for the remainder of 2017 and 2018.
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Here are five highlights:
1. Net revenue for the first half of 2017 was $23.5 million, a decrease of 5 percent from the $24.8 million in 2016.
2. Gross profit as a percentage of a revenue for the second quarter was 37 percent, as compared to 41 percent in the second quarter of 2016.
3. BIOLASE reported $9.2 million in total operating expenses. In the second quarter of 2016, the company reported $9 million.
4. Net loss for the second quarter was $4.3 million, or a $0.06 loss per share, compared to a net loss of $3.5 million during the second quarter of 2016.
5. In order to turn a profit, BIOLASE is looking to streamline operations, reduce payroll and consulting expenses and reduce planned discretionary spending for the remainder of 2017 and 2018.
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Henry Schein is accepting applications for medal program: 4 things to know
Dr. Steven Cohen receives Top Dentist designation: 5 takeaways
Heartland Dental launches redesigned dental publication: 3 highlights