Valeritas Holdings, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported revenue, net was $6,497,000 compared to $4,788,000 a year ago. Operating loss was $9,996,000 compared to $11,078,000 a year ago. Loss before income taxes was $10,960,000 compared to $11,982,000 a year ago. Net loss attributable to common stockholders was $11,510,000 compared to $12,531,000 a year ago. Net loss per share of common shares outstanding - basic and diluted was $0.62 compared to $1.83 a year ago.

For the six months, the company reported revenue, net was $12,578,000 compared to $9,399,000 a year ago. Operating loss was $20,628,000 compared to $21,380,000 a year ago. Loss before income taxes was $22,534,000 compared to $23,788,000 a year ago. Net loss attributable to common stockholders was $23,634,000 compared to $24,385,000 a year ago. Net loss per share of common shares outstanding - basic and diluted was $1.85 compared to $5.44 a year ago.

For the full year, the Company expects 2018 revenue to be between $26 and $28 million.
For the fourth quarter, the Company also expects quarterly gross margin to increase on both an annual and sequential basis in 2018, ending the year with a gross margin above 50% for the fourth quarter of 2018. These expectations are based on, among other things, the assumption there will be continued growth in the Company's targeted accounts and no sequential decline in the Company's non-targeted accounts.