The stock of dental lasers and other biological products company Biolase Inc (NASDAQ: BIOL) has been one of the biggest gainers so far this year.
Over the course of the past three weeks, the stock has made considerable gains and that has taken its gains for the year so far to as high as 100%. On Thursday, the company reported its financial results for the fourth quarter and in light of the Biolase stock’s gains, investors ought to take a look at the performance.
The company reported a loss of as big as $6.1 million in the quarter, which worked out to losses per share of 7 cents. On the other hand, the dental laser company generated revenues of as much as $8.5 million for the quarter. However, for the full year, Biolase’s losses actually went down to $16.8 million. The revenues for the full year came in at $22.8 million. In the quarter that is going to end in April, the company expects to generate revenues in the range between $7.5 million and $8 million.
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