Second Sight Medical Products (EYES) Issues Earnings Results
Second Sight Medical Products (NASDAQ:EYES) released its quarterly earnings data on Wednesday. The medical device company reported ($0.11) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.11), Morningstar.com reports. The company had revenue of $1.77 million for the quarter, compared to analyst estimates of $2.60 million. Second Sight Medical Products had a negative return on equity of 638.26% and a negative net margin of 408.41%.
Shares of Second Sight Medical Products stock opened at $0.76 on Friday. Second Sight Medical Products has a 52 week low of $0.63 and a 52 week high of $2.25. The firm has a market capitalization of $101.24 million, a PE ratio of -1.29 and a beta of 2.20.
Several equities analysts have recently commented on EYES shares. Zacks Investment Research lowered Second Sight Medical Products from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. ValuEngine raised Second Sight Medical Products from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.
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About Second Sight Medical Products
Second Sight Medical Products, Inc develops, manufactures, and markets implantable visual prosthetics that are intended to deliver useful artificial vision to blind individuals. It focuses on developing new technologies to treat the population of sight-impaired individuals. The company is developing the Orion Visual Cortical Prosthesis, which is intended to provide useful artificial vision to individuals who are blind due to various causes, including glaucoma, diabetic retinopathy, optic nerve injury or disease, or forms of cancer and trauma.
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