Teligent, Inc. announced unaudited consolidated financial results for the first quarter ended March 31, 2017. For the quarter, the company reported total product sales, net of $19.853 million against $15.422 million a year ago. Total revenues were $19.891 million against $15.657 million a year ago. Operating income was $2.967 million against $0.837 million a year ago. Income before income tax expense was $0.914 million against loss of $0.928 million a year ago. Net income was $0.831 million against loss of $0.950 million a year ago. Basic and diluted earnings per share were $0.02 against loss per share of $0.02 million a year ago. Net cash used in operating activities was $0.897 million against net cash from operating activities of $1.752 million a year ago. EBITDA was $5.128 million against $3.269 million a year ago. Adjusted EBITDA was $4.892 million against $2.812 million a year ago. Adjusted EBITDA, before product development and research expenses was $8.560 million against $6.523 million a year ago. Adjusted net income was $3.646 million against $1.325 million a year ago. Non-GAAP adjusted net income per diluted share was $0.07 against $0.02 a year ago.

For the full year ending December 31, 2017, the company expects total revenue between $85 and $100 million for the year ending December 31, 2017. The company anticipates gross margin of 50% to 54% for the year ending December 31, 2017.