May 7, 2020 / 10:01 PM / 23 days ago

BRIEF-Biolase Posts Q1 Loss Per Share $0.19

May 7 (Reuters) - BIOLASE Inc:

* Q1 LOSS PER SHARE $0.19

* Q1 REVENUE $4.7 MILLION VERSUS REFINITIV IBES ESTIMATE OF $5 MILLION

* Q1 EARNINGS PER SHARE ESTIMATE $-0.14 — REFINITIV IBES DATA

* DID NOT BELIEVE THAT IT COULD ACCESS PUBLIC EQUITY MARKETS TO RAISE CASH TO HELP MAKE UP FOR SIGNIFICANT LOST REVENUE IN Q1

* APPLIED FOR AND RECEIVED A $3.0 MILLION LOAN FROM THE PAYCHECK PROTECTION PROGRAM

* CEO & CFO TOOK TEMPORARY 40% SALARY CUTS Source text for Eikon: Further company coverage:

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