Sunday, April 20, 2014

TearLab closes acquisition of AOA’s OcuHub platform


TearLab closes acquisition of AOA’s OcuHub platform


March 14, 2014 by · Leave a Comment 

Tweet TearLab (NASDAQ:TEAR; TSX:TLB) has closed the acquisition of the assets of the OcuHub business unit from AOAExcel, Inc., the for-profit subsidiary of the American Optometric Association (AOA). As of the close of the transaction, the OcuHub purchased assets and business activities will be operated as a wholly owned subsidiary of TearLab. Barry Barresi, OcuHub’s […]

TearLab Q4 revenue jumps 176%

TearLab Q4 revenue jumps 176%

March 13, 2014 by · Leave a Comment 

Tweet TearLab (NASDAQ:TEAR; TSX:TLB) has reported fourth quarter revenue of $4.4- million, up 176%, from $1.6-million for the same period in 2012. A total of 359 orders for TearLab systems were booked in the fourth quarter, of which 259 systems were under the company’s Masters Multi Unit Program, 72 were through its minimum use access […]

TearLab to acquire AOA’s OcuHub platform

TearLab to acquire AOA’s OcuHub platform

February 18, 2014 by · Leave a Comment 

Tweet TearLab (NASDAQ:TEAR; TSX:TLB) has signed a non-binding term sheet to purchase the assets of the OcuHub business unit from AOAExcel, the for-profit subsidiary of the American Optometric Association (“AOA”). OcuHub, powered by AT&T and Covisint, is an established compliant technology platform designed to securely connect eye doctors, patients, healthcare organizations and payers. The acquisition […]

TearLab issues prelim Q4 revenue and gives 2014 revenue guidance

TearLab issues prelim Q4 revenue and gives 2014 revenue guidance

February 3, 2014 by · Leave a Comment 

Tweet TearLab (NASDAQ:TEAR; TSX:TLB) said preliminary total revenue for the fourth quarter of 2013 is expected to be about $4.5-million, bringing expected full year 2013 revenue to about $14.7-million.   The preliminary expected revenue in the fourth quarter reflects an increase of about 181%, compared with revenue of $1.6-million in the fourth quarter of 2012. The […]

In conversation with Elias Vamvakas

In conversation with Elias Vamvakas

January 28, 2014 by · Leave a Comment 

Tweet As CEO of San Diego-based TearLab (NASDAQ:TEAR; TSX:TLB), eye care entrepreneur, Elias Vamvakas, has scored another home run with a medical device for the diagnosis and management of dry eye disease (DED). The TearLab Osmolarity System uses a novel lab-on-a-chip approach that requires less than 50 nanoliters of tear fluid in order to measure […]

TearLab Q3 revenue jumps 247%

TearLab Q3 revenue jumps 247%

November 12, 2013 by · Leave a Comment 

Tweet Net revenue for TearLab (NASDAQ:TEAR; TSX:TLB) rose 247% in the third quarter to $4.2-million from $1.2-million a year ago and was up 19% from $3.5-million in the second quarter this year. A total of 467 orders for TearLab Osmolarity systems were booked in the latest quarter.  That compares to 92 orders for TearLab systems […]

Alcon’s Seph Jensen joins TearLab as president & COO

Alcon’s Seph Jensen joins TearLab as president & COO

October 1, 2013 by · Leave a Comment 

Tweet TearLab (NASDAQ:TEAR; TSX:TLB) has named Seph Jensen as president and COO. He joins TearLab from his current position as head of surgical marketing at Alcon Laboratories, having responsibility for more than $1.4-billion in revenue across its cataract, retina and refractive businesses. “Seph is a seasoned leader with a strong track record of delivering operational […]

TearLab posts nearly 400% jump in Q2 revenue

TearLab posts nearly 400% jump in Q2 revenue

August 13, 2013 by · Leave a Comment 

Tweet After market close today, TearLab (NASDAQ:TEAR; TSX:TLB) reported revenue of $3.5-million for the second quarter of 2013, up 392% from $716,000 in the same period last year and up 42% sequentially from $2.5-million in the 2013 first quarter.  In addition, a total of 569 orders for TearLab Osmolarity systems were booked in second quarter.  Second […]

TearLab Q1 revenue jumps 486%

TearLab Q1 revenue jumps 486%

May 13, 2013 by · Leave a Comment 

Tweet First quarter revenue for TearLab (NASDAQ:TEAR; TSX:TLB) rose 486% to $2.5-million from $422,000 a year ago, and was up 54% sequentially from $1.6-million in the fourth quarter of 2012.  The company reported an adjusted net loss of $0.11 per share, beating consensus analyst estimates by a cent. A total of 388 orders for TearLab […]

TearLab launches free smartphone IR app

TearLab launches free smartphone IR app

April 9, 2013 by · Leave a Comment 

Tweet TearLab (NASDAQ:TEAR; TSX:TLB) announced that its smartphone investor relations application is now available for free download through Apple’s App Store. “The TearLab IR app was designed by Innovasium Digital to provide the investment community with direct and real-time mobile access to company news and information,” TearLab CEO Elias Vamvakas said in a statement. “We […]

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