Edition:
United States

Neurometrix Q2 Revenue Fell 37% To $2.4 Million


Thursday, 18 Jul 2019 07:00am EDT 

July 18 (Reuters) - NeuroMetrix Inc ::NEUROMETRIX REPORTS Q2 2019 FINANCIAL RESULTS.Q2 REVENUE FELL 37 PERCENT TO $2.4 MILLION.NEUROMETRIX - RESTRUCTURING INVOLVED REDUCTION IN FORCE, PLANS TO CONSOLIDATE OPERATIONS IN A SINGLE LOCATION, AND WRITE DOWN OF EXCESS INVENTORY.RESTRUCTURING CHARGE OF $2.3 MILLION WAS RECORDED TO COVER ASSOCIATED COSTS.NEUROMETRIX - LADENBURG THALMANN & CO. INC RETAINED AS FINANCIAL ADVISOR TO EXPLORE STRATEGIC ALTERNATIVES, INCLUDING POTENTIAL SALE OR MERGER OF CO.CASH AT JUNE 30, 2019 TOTALED $4.96 MILLION. 

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19 Aug 2019