The 10-second takeaway
For the quarter ended March 31 (Q1), TearLab beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. Non-GAAP loss per share dropped. GAAP loss per share dropped.
Margins grew across the board.
TearLab tallied revenue of $2.5 million. The four analysts polled by S&P Capital IQ expected revenue of $2.2 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.11. The five earnings estimates compiled by S&P Capital IQ predicted -$0.12 per share. Non-GAAP EPS were -$0.11 for Q1 compared to -$0.12 per share for the prior-year quarter. GAAP EPS were -$0.30 for Q1 versus -$0.44 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 42.8%, much better than the prior-year quarter. Operating margin was -127.8%, much better than the prior-year quarter. Net margin was -346.4%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $3.1 million. On the bottom line, the average EPS estimate is -$0.12.
Next year's average estimate for revenue is $14.5 million. The average EPS estimate is -$0.43.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 14 members out of 36 rating the stock outperform, and 22 members rating it underperform. Among 16 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), two give TearLab a green thumbs-up, and 14 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TearLab is outperform, with an average price target of $8.38.
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