Will Teligent (TLGT) Stock Rebound to $1 Soon?

The Teligent Inc (NASDAQ: TLGT) stock had recently hit its peak but it could not hold on to its gains.

After hitting its peak, the specialty generic pharmaceutical firm saw its stock tank by 60%. In this regard, it is also necessary to note that there has been no news with regards to the New Jersey-based company so far this month. In this sort of situation, it could be worthwhile to take a look at the company’s third-quarter financial results for 2020 that was announced last December.

In the quarter that ended on September 30 last year, the company managed to generate revenues of as big as $14.3 million. That reflected a sequential jump of 6% and was primarily due to the higher demand for American topical products. However, the gross profit for the period declined by $2.4 million as the company could only eke out a gross profit of $0.1 million.

Uson Abdilazhanov

Editor and Computer ExpertA hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.


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