TearLab Osmolarity System

TearLab (NASDAQ:TEAR; TSX:TLB) has reported third quarter net revenues of $1.2-million, an increase of 264% from $333,000 for the same period in 2011, and up 69% sequentially from $716,000 in the second quarter this year.

TearLab Osmolarity System

Growing doctor interest in our technology and the significant role that it can play in the objective diagnoses and management of dry eye disease drove our strong revenue performance in what is historically a seasonally weaker third quarter in the eye care industry. A total of 92 orders for TearLab systems were booked in the period.  Of those, 77 were through the company’s access programs, 6 were direct purchases and 9 were purchased outside of the U.S.

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May 29, 2013 · 5:20 pm

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