Valeritas Holdings, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported revenue, net was $4,788,000 compared to $4,885,000 a year ago. This overall decrease was primarily due to a volume decline of 21% from accounts that are not targeted by sales representatives under capital efficient high-touch and higher-service sales and marketing strategy. Operating loss was $11,078,000 compared to $8,003,000 a year ago. Loss before income taxes was $11,982,000 compared to $10,466,000 a year ago. Net loss attributable to common stockholders was $12,531,000 compared to $10,466,000 a year ago. Net loss per share of common shares outstanding - basic and diluted was $1.83 compared to $8.76 a year ago.

For the six months, the company reported revenue, net was $9,399,000 compared to $9,894,000 a year ago. Operating loss was $21,380,000 compared to $17,723,000 a year ago. Loss before income taxes was $23,788,000 compared to $27,364,000 a year ago. Net loss attributable to common stockholders was $24,385,000 compared to $27,364,000 a year ago. Net loss per share of common shares outstanding - basic and diluted was $5.44 compared to $35.26 a year ago.

The company expects third quarter revenue to reach $5 million, representing continued sequential growth and a return to year-over-year growth. 

The third quarter trends are expected to continue in the fourth quarter resulting in full-year 2017 revenue reaching $20 million.