TearLab Corp. (TEAR,TLB.TO) reported that its fourth-quarter net loss was about $3.7 million, or $0.13 per share, compared to a net loss of $3.5 million, or $0.17 per share In last year's fourth quarter.
The latest-quarter result included approximately $0.3 million in non-cash expense related to the revaluation of warrants issued in June 2011. The prior year result included approximately $0.7 million in non-cash expense related to the revaluation of warrants issued in June 2011.
Net revenues for the quarter were $1.6 million, up more than three-fold from $499,000 for the same period in 2011.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.10 per share on revenues of $1.59 million for the quarter. Analysts' estimates typically exclude special items.
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