Avedro, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 06, 2019 at 09:04 am EST
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Avedro, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was USD 11.046 million compared to USD 8.018 million a year ago. Operating loss was USD 8.133 million compared to USD 5.139 million a year ago. Net loss was USD 9.065 million compared to USD 5.575 million a year ago. Basic loss per share was USD 0.52 compared to USD 3.96 a year ago. For the nine months, sales was USD 30.108 million compared to USD 19.467 million a year ago. Operating loss was USD 23.010 million compared to USD 16.577 million a year ago. Net loss was USD 24.846 million compared to USD 18.710 million a year ago. Basic loss per share was USD 1.74 compared to USD 13.42 a year ago.
Avedro Inc is a United States-based company. The Company is an ophthalmic pharmaceutical and medical device company developing and commercializing a suite of products based on its corneal collagen cross-linking technology platform to address a wide variety of ophthalmic disorders and conditions, primarily associated with corneal weakness. Its primary components of the Avedro Cross-Linking Platform are pharmaceutical formulations of riboflavin (vitamin B2), a âsingle dose pharmaceutical,â sold primarily in conjunction with the Companyâs innovative devices for the delivery of metered doses of ultraviolet (UVA) light, a medical device.