ReVision Optics Secures $10 Million Credit Facility

By Staff
Monday, August 22, 2016 12:23 AM LAKE FOREST, Calif. & SAN DIEGO—ReVision Optics (RVO) has secured a $10 million credit facility from Square 1 Bank, a division of Pacific Western Bank. RVO announced receipt of U.S. Food and Drug Administration (FDA) approval for its Raindrop Near Vision Inlay for the surgical correction of presbyopia on June 29, 2016. Proceeds from the credit facility will be used for working capital purposes including commercial operations, the company said.

NovaBay Reports Strong Second Quarter Sales

By Staff
Monday, August 15, 2016 12:23 AM EMERYVILLE, Calif.—NovaBay Pharmaceuticals (NYSE MKT: NBY) posted significant increases in net sales for the three and six months ended June 30, 2016, based largely on the strong sales of its Avenova lid cleaner.

Valeant’s CEO Papa Announces New Strategic Direction for Company Following Q2 Revenue Decline

By Staff
Wednesday, August 10, 2016 12:24 AM LAVAL, Quebec—Following a drop in revenues for Q2, Valeant Pharmaceuticals’ chairman and CEO Joseph C. Papa said the company would be restructured into three new segments.

Allergan 2Q Net Revenue Climbs to $3.7 Billion

By Staff
Wednesday, August 10, 2016 12:23 AM DUBLIN, Ireland—Allergan plc (NYSE: AGN) reported total net revenues of $3.7 billion for the second quarter ended June 30, 2016, a 2 percent increase versus the prior year quarter.

Safilo Group Reports Improving Sales of ‘Going-Forward’ Brands in First Half

By Staff
Friday, August 5, 2016 12:23 AM PADOVA, Italy – The board of directors of Safilo Group S.p.A. [SFL.IM] reported the group’s results for the first half of the year.

NovaBay Pharma Completes $11.8 Million Private Placement

By Staff
Wednesday, August 3, 2016 12:23 AM EMERYVILLE, Calif.—NovaBay Pharmaceuticals (NYSE MKT: NBY), a biopharmaceutical company that is commercializing prescription Avenova lid and lash hygiene for the domestic eyecare market, has closed a $4.0 million tranche of a previously announced private placement of common stock and warrants to accredited investors, bringing total proceeds to $11.8 million.

Lenses and Optical Instruments Propel Essilor’s Growth in First Half and Second Quarter 2016

By Staff
Monday, August 1, 2016 12:23 AM CHARENTON-LE-PONT, France—Essilor International (Reuters: ESSI.PA) reported revenue increases for the first-half and second quarter ending June 30, 2016.

Hoya Revenues Slump in First Quarter

By Staff
Monday, August 1, 2016 12:22 AM TOKYO—Hoya Corp. (TOKYO: 7741) reported revenues totaling 115,165 million yen for the first quarter ended June 30, 2016, down 8.8 percent year on year.

Second Sight Reports Losses for First Half and Second Quarter 2016

By Staff
Monday, August 1, 2016 12:20 AM SYLMAR, Calif.—Second Sight Medical Products (NASDAQ:EYES), developers of the Argus II retinal implant, posted losses for the three- and six-month periods ended June 30, 2016.

Luxottica Posts Modest Gains in First Half and Second Quarter

By Staff
Wednesday, July 27, 2016 12:23 AM MILAN—Luxottica Group S.p.A. (NYSE:LUX) reported modest gains in net sales for the first half and second quarter of 2016, ending June 30, 2016.

Luxottica Reports Modest Growth in First Half of 2016

By Staff
Monday, July 25, 2016 3:45 PM MILAN—Luxottica Group S.p.A. (NYSE:LUX) reported today modest gains in net sales and adjusted net income for the first half of 2016 ending June 30.

Johnson & Johnson’s 2Q Sales Increase 3.9 Percent

By Staff
Wednesday, July 20, 2016 12:23 AM NEW BRUNSWICK, N.J.—Johnson & Johnson (NYSE: JNJ) reported sales of $18.5 billion for the second quarter of 2016, an increase of 3.9 percent as compared to the second quarter of 2015.

2020 On-site Optometry Raises $3 Million, Plans for Rapid Growth

By Staff
Wednesday, July 13, 2016 12:21 AM BOSTON—2020 On-site Optometry raised $3 million in an extension to its Series A-1, bringing total fundraising to $7.9 million.

Meta Raises $50 Million to Accelerate Delivery of Its AR Technology

By Staff
Monday, June 20, 2016 12:23 AM REDWOOD CITY, Calif.—Meta, a pioneer in the fast growing field of Augmented Reality (AR), closed a $50 million Series B round of funding last week. The round includes significant participation by Horizons Ventures Limited, Lenovo, Tencent, Banyan Capital, Comcast Ventures and GQY, the company said.

Lumus Raises $15 Million to Scale Expansion

By Staff
Friday, June 17, 2016 12:23 AM RECHOVOT, Israel—Lumus Ltd. a developer of high-end transparent near-to-eye displays for augmented reality (AR), mixed reality (MR) and smart eyewear, announced yesterday that it has received $15 million of funding led by Shanda Group, a global private investment group, along with Crystal-Optech, a leading Chinese photo-electric component manufacturer.
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