Avedro, Inc. announced unaudited earnings results for the second quarter ended and Year to Date June 30, 2019. For the quarter, the company announced revenue was $10,289,000 compared to $6,295,000 for the same period a year ago. Loss from operations was $6,860,000 compared to $5,732,000 for the same period a year ago. Net loss was $7,428,000 compared to $6,501,000 for the same period a year ago. Net loss per share, basic and diluted was $0.43 compared to $4.63 for the same period a year ago.

For the six months, the company announced revenue was $19,062,000 compared to $11,449,000 for the same period a year ago. Loss from operations was $14,877,000 compared to $11,438,000 for the same period a year ago. Net loss was $15,781,000 compared to $13,135,000 for the same period a year ago. Net loss per share, basic and diluted was $1.24 compared to $9.47 for the same period a year ago.

The company expects revenue for 2019 to be in the range of $38 million to $41 million, representing annual growth of approximately 43% at the midpoint of the range. This compares to previous expectations for 2019 revenue to be in the range of $37 million to $40 million.