Alliqua (ALQA) Prelim. Q2 Revenue Tops Views

Alliqua BioMedical, Inc. (Nasdaq: ALQA) announced preliminary second quarter of fiscal year 2016 revenue results and timing and details of the second quarter financial results conference call.

Second Quarter Preliminary Revenue Estimate:

While the Company has not finalized its full financial results for the six month period ending June 30, 2016, it expects second quarter total revenue of approximately $5.4 million, representing growth of approximately 72% year-over-year. The Company further estimates that sales of wound care products increased approximately 73% year-over-year to approximately $4.6 million and that contract manufacturing sales were approximately $800,000 for the second quarter of 2016.

(*** NOTE: The Street sees Q2 revenue of $5.26 million.)

The financial information presented above is a preliminary estimate only, has not been reviewed by the Company's independent registered accounting firm and is subject to change upon completion of the review of the Company’s financial statements as of and for the quarter ended June 30, 2016. Additional information and disclosures would be required for a more complete understanding of the Company’s financial position and results of operations as of June 30, 2016.

Second Quarter Fiscal 2016 Financial Results Conference Call:

Chief Executive Officer, David Johnson, and Chief Financial Officer, Brian Posner, will host a teleconference at 8:00 a.m. Eastern Time on August 9th to discuss the results of the quarter and to host a question and answer session. Those interested in participating on the call may dial 888-452-4023 (719-325-2455 for international callers) and provide access code 9341399 approximately 10 minutes prior to the start time. A live webcast of the call will be made available on the investor relations section of the Company’s website at http://ir.alliqua.com.

For those unable to participate, a replay of the call will be available for two weeks at 888-203-1112 (719-457-0820 for international callers); access code 9341399. The webcast will be archived on the investor relations section of Alliqua’s website.

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