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TearLab reports 24% revenue increase in third quarter

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TearLab reported net revenues of $5.2 million in the third quarter, a 24% increase from $4.2 million in the third quarter of last year, according to a press release.

Net loss totaled approximately $5.8 million, or $0.17 per share on a non-diluted basis, compared with $4.2 million, or $0.13 per share, in 2013.

The company has $20.7 million in cash and cash equivalents.

In the third quarter, 118 TearLab Osmolarity systems were installed.