Second Sight Medical Products (EYES) Announces Earnings Results, Misses Expectations By $0.04 EPS

Second Sight Medical Products (NASDAQ:EYES) released its quarterly earnings results on Wednesday. The medical device company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.04), Morningstar.com reports. The business had revenue of $1.13 million for the quarter, compared to analysts’ expectations of $1.70 million. Second Sight Medical Products had a negative net margin of 508.90% and a negative return on equity of 809.08%.

Second Sight Medical Products stock traded down $0.03 during mid-day trading on Thursday, reaching $0.93. 1,945 shares of the company’s stock traded hands, compared to its average volume of 337,900. The company has a market cap of $117.90 million, a price-to-earnings ratio of -1.81 and a beta of 2.30. Second Sight Medical Products has a 12-month low of $0.63 and a 12-month high of $2.25.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Second Sight Medical Products from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine downgraded shares of Second Sight Medical Products from a “hold” rating to a “sell” rating in a research note on Tuesday.

An institutional investor recently bought a new position in Second Sight Medical Products stock. Wiley BROS. Aintree Capital LLC bought a new stake in Second Sight Medical Products Inc (NASDAQ:EYES) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 51,961 shares of the medical device company’s stock, valued at approximately $41,000. 6.18% of the stock is owned by hedge funds and other institutional investors.

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About Second Sight Medical Products

Second Sight Medical Products, Inc develops, manufactures, and markets implantable visual prosthetics that are intended to deliver useful artificial vision to blind individuals. It focuses on developing new technologies to treat the population of sight-impaired individuals. The company is developing the Orion Visual Cortical Prosthesis, which is intended to provide useful artificial vision to individuals who are blind due to various causes, including glaucoma, diabetic retinopathy, optic nerve injury or disease, or forms of cancer and trauma.

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Earnings History for Second Sight Medical Products (NASDAQ:EYES)

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