ConforMIS: 2Q Earnings Snapshot
BILLERICA, Mass. (AP) _ ConforMIS Inc. (CFMS) on Wednesday reported a loss of $14.1 million in its second quarter.
The Billerica, Massachusetts-based company said it had a loss of 24 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.
The medical technology company posted revenue of $19.1 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $19.5 million.
In the final minutes of trading on Wednesday, the company’s shares hit 94 cents. A year ago, they were trading at $4.72.