TearLab CorpFind Ratings Reports
TEARLAB CORP's gross profit margin for the first quarter of its fiscal year 2016 has increased when compared to the same period a year ago. The company grew its sales and net income significantly quarter versus same quarter a year prior, and was able to outpace the average competitor in the industry when comparing revenue growth, but not when comparing net income growth. TEARLAB CORP has strong liquidity. Currently, the Quick Ratio is 1.53 which shows the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
At the same time, stockholders' equity ("net worth") has significantly decreased by 160.34% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.
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|Income Statement||Q1 FY16||Q1 FY15|
|Net Sales ($mil)||6.77||5.41|
|Net Income ($mil)||-7.25||-8.17|
|Balance Sheet||Q1 FY16||Q1 FY15|
|Cash & Equiv. ($mil)||7.2||23.32|
|Total Assets ($mil)||21.45||37.64|
|Total Debt ($mil)||25.2||14.62|
|Profitability||Q1 FY16||Q1 FY15|
|Gross Profit Margin||63.59||56.4|
|Return on Assets||-150.64||-69.95|
|Return on Equity||0.0||-152.08|
|Debt||Q1 FY16||Q1 FY15|
|Share Data||Q1 FY16||Q1 FY15|
|Shares outstanding (mil)||34.21||33.66|
|Div / share||0.0||0.0|
|Book value / share||-0.31||0.51|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||187091.0||131440.0|
SELL. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. Along with this, the price-to-book ratio is also meaningless due to a negative book value for the company, making any comparisons useless. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount.
|TEAR NM||Peers 62.82||TEAR NM||Peers 33.31|
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.
TEAR's P/E is negative making this valuation measure meaningless.
Neutral. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
TEAR's P/CF is negative making the measure meaningless.
|TEAR NM||Peers 29.14||TEAR NA||Peers 1.03|
Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings.
TEAR's ratio is negative making this valuation measure meaningless.
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
Ratio not available.
|TEAR NM||Peers 4.84||TEAR -17.28||Peers 159.18|
Neutral. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
TEAR's P/B is negative making this valuation measure meaningless.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, TEAR is expected to significantly trail its peers on the basis of its earnings growth rate.
|TEAR 1.04||Peers 4.71||TEAR 26.77||Peers 20.16|
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
TEAR is trading at a significant discount to its industry on this measurement.
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.
TEAR has a sales growth rate that significantly exceeds its peers.