BIOLASE Earnings: Here’s Why Investors Don’t Like These Results

BIOLASE Inc (NASDAQ:BIOL) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 2.54%.

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BIOLASE Inc Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-0.06 in the quarter versus EPS of $-0.05 in the year-earlier quarter.

Revenue: Rose 18.51% to $14.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: reported adjusted EPS loss of $0.06 per share. By that measure, the company missed the mean analyst estimate of $-0.02. It beat the average revenue estimate of $14.48 million.

Quoting Management: Federico Pignatelli, Chairman and Chief Executive Officer of BIOLASE, stated, “We are extremely pleased with the opportunity to partner with Sun Dental Labs, which currently has thousands of doctors utilizing their digital dental laboratory network in the United States alone. Their significant customer base represents nearly a 5% market share of the dental offices in North America. This is a tremendously valuable network and Sun Dental Labs has already provided our sales force with several qualified referrals.”

Key Stats (on next page)…

Revenue decreased 23.48% from $19.08 million in the previous quarter. EPS decreased to $-0.06 in the quarter versus EPS of $0.03 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0 to a loss $0.01. For the current year, the average estimate has moved down from a profit of $0.05 to a profit of $0.03 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]