Teligent, Inc. Announces Consolidated Earnings Results for the Third Quarter and First Nine Months Ended September 30, 2019; Provides Earnings Guidance for the Full Year of Fiscal 2019
For the first nine months, the company announced revenue, net was $49,929,000 compared to $49,088,000 for the same period a year ago. Operating loss was $1,845,000 compared to $9,654,000 for the same period a year ago. Net loss was $19,826,000 compared to $21,866,000 for the same period a year ago. Basic and diluted loss per share was $0.37 compared to $0.41 for the same period a year ago.
The company provided earnings guidance for the full year of fiscal 2019. The company projects revenues of $68.5 million to $72.5 million for the full year.