MORRISVILLE, N.C. (AP) _ TransEnterix Inc. (TRXC) on Tuesday reported a loss of $97.8 million in its third quarter.
The Morrisville, North Carolina-based company said it had a loss of 43 cents per share. Losses, adjusted for one-time gains and costs, came to 9 cents per share.
The maker of surgical robots and medical instruments posted revenue of $2 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $4.7 million.
In the final minutes of trading on Tuesday, the company's shares hit 31 cents. A year ago, they were trading at $3.09.