SAN JOSE, Calif. (AP) _ Restoration Robotics Inc. (HAIR) on Monday reported a loss of $7.4 million in its first quarter.
The San Jose, California-based company said it had a loss of 26 cents per share.
The maker of hair transplant devices posted revenue of $5 million in the period.
Q1 EPS ($0.26) vs. ($0.17) consensus; revenue fell 9% to $5.0 million vs. $5.9 mln two est avg, driven by a decrease in system revenue, partially offset by a year over year increase in procedure-based fees. Sold 8 ARTAS Robotic Hair Restoration Systems