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Glaukos posts quarterly net loss

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Glaukos reported a net loss of $6.6 million, or $0.19 per diluted share, in the third quarter of 2018 compared with a net income of $1.3 million, or $0.04 per diluted share, in 2017’s third quarter, according to a press release.

The company had a gain in net sales of 9% from $40.4 million in the third quarter of 2017 to $43.9 million in the third quarter of 2018.

Operating expenses increased from $33.9 million in 2017’s third quarter to $44.8 million in 2018. This includes an increase in research and development costs from $9.8 million to $13.2 million and an increase in general and administrative costs from $24.1 million to $31.6 million.

Glaukos had cash and cash equivalents of $37.3 million as of Sept. 30.