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BRIEF-Valeritas Holdings Inc reports qtrly loss per share $6.92
May 12, 2017 / 10:29 AM / 4 months ago

BRIEF-Valeritas Holdings Inc reports qtrly loss per share $6.92

May 12 (Reuters) - Valeritas Holdings Inc:

* Valeritas Holdings Inc - “continue to expect double digit revenue growth in 2017 with most of this growth occurring in second half of year”

* Valeritas Holdings Inc qtrly net revenue $4.6 million versus $5.0 million

* Valeritas Holdings Inc qtrly loss per share $6.92

* Valeritas Holdings Inc - expect to achieve 50 percent gross margin objective on qtrly sales of about $13 million rather than $15 million as previously projected

* Valeritas Holdings - "converted $27.5 million of debt into shares of series a preferred stock, extended time period to first cash interest payment to March 2022" Source text:(bit.ly/2prWgNi) Further company coverage:

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