Brief: Medavail Posts Quarterly Loss Per Share Of $0.32

Medavail Holdings

11/08/2021 22:19

Aug 11 (Reuters) - MedAvail Holdings Inc  MDVL.O :
    * MEDAVAIL REPORTS SECOND QUARTER 2021 FINANCIAL RESULTS
    * Q2 SALES ROSE 118 PERCENT TO $5.0 MILLION
    * REVISED ITS 2021 NET REVENUE GUIDANCE EXPECTATION FROM THE
PRIOR
RANGE OF BETWEEN $27 TO $31 MILLION TO AT LEAST $21 MILLION.
    * IDENTIFIED 10 CLINICS THAT DO NOT MEET EXPECTATIONS GOING
FORWARD
    * HAVE DECIDED TO EXIT SOME SITES PRIOR TO 2021 YEAR-END
    * QTRLY LOSS PER SHARE $0.32

Source text for Eikon:  ID:nBwbTJ9Ksa 
Further company coverage:  MDVL.O 

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