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Ophthalmic Tech Firm BioLight Reports 2015 IOPtiMate Revenue of $360K

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BioLight Life Sciences Ltd., a publically traded ophthalmic technology development firm, has reported its 2015 financial results and said it has achieved all previously announced 2015 milestones.

For the fiscal year ended Dec. 31, 2015, the company reported revenues of New Israeli Shekels (NIS) 1.4 million (about $360,000) from sales of its IOPtiMate System, a laser-based noninvasive surgical treatment for glaucoma.

Net loss for 2015 was approximately NIS 27.6 million ($7.1 million), or NIS 7.98 loss per share, compared to a net loss of approximately NIS 36 million ($9.2 million), or NIS 11.96 loss per share, for 2014. At the close of fiscal 2015, the company had approximately NIS 51 million ($13.1 million) in cash and short-term deposits.
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Published: April 2016
Glossary
ophthalmology
Ophthalmology is a branch of medicine that focuses on the anatomy, physiology, and diseases of the eyes and visual system. Ophthalmologists are medical doctors who specialize in the diagnosis, treatment, and prevention of eye disorders and diseases. They are trained to provide comprehensive eye care, including medical, surgical, and optical interventions. Key areas within ophthalmology include: General eye care: Ophthalmologists perform routine eye examinations to assess visual acuity,...
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