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TearLab reports $4 million loss in third quarter

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TearLab reported a net loss of $4 million, or $0.07 per share, in the third quarter compared with a net loss of $8.1 million, or $0.24 per share, in the third quarter of 2015.

Quarterly net revenues were up 9% from $6.6 million in 2015 to $7.2 million, according to a company press release.

Operating expenses totaled $7.1 million compared with $10.9 million a year ago.