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TearLab reports 35% increase in net revenues for fiscal year 2014

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TearLab reported net revenues of $19.7 million in 2014, a 35% increase from $14.6 million in the previous year, according to a press release.

Net revenues totaled $5.3 million in the fourth quarter 2014, a 19% increase from $4.4 million in the fourth quarter 2013.

Net loss in 2014 was $23.7 million, or $0.71 per share on a non-diluted basis, compared with $29 million, or $0.94 per share on a non-diluted basis, in the previous year. Fourth-quarter net loss was $6.9 million, or $0.21 per share on a non-diluted basis, compared with $4.2 million, or $0.13 per share on a non-diluted basis, in the fourth quarter 2013.

TearLab reported $16.3 million in cash and cash equivalents at the end of 2014.