Alliqua turns income around in Q2
YARDLEY, Pa. – Wound care provider Alliqua BioMedical reported total revenue of $5.5 million for the second quarter of 2016, up 75% year-over-year, compared to revenue of $3.1 million for the same period last year. Income from operations was $2.1 million for the quarter this year, compared to a loss of $8.4 million for the quarter last year. Alliqua reported total revenue of $8.4 million for the first six months of 2016, up 108%, compared to revenue of $4 million for the same period last year. Net loss was $2.5 million. The company expects total revenue of $20 million to $22 million for all of 2016, representing growth of 50% to 67% over 2015.