Biolase: Q2 Earnings Snapshot

August 11, 2022 GMT

LAKE FOREST, Calif. (AP) _ Biolase Inc. (BIOL) on Thursday reported a loss of $5.6 million in its second quarter.

The Lake Forest, California-based company said it had a loss of 91 cents per share.

The maker of dental laser systems posted revenue of $12.2 million in the period.

For the current quarter ending in October, Biolase said it expects revenue in the range of $10.5 million.

Biolase shares have decreased 43% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.53, a decrease of 65% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BIOL at https://www.zacks.com/ap/BIOL