Revenue Update on Skyline Medical Inc(NASDAQ:SKLN)

Skyline Medical Inc(NASDAQ:SKLN) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 15, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $-0.16.

Skyline Medical Inc (SKLN) remained unchanged at the close of Friday session. Even as the volume increased to 2,13,126 ,the shares failed to make any impression and ended at 0 points or 0.00% at $2.13. The trading session commenced at $2.1 and the stock hit a high of $2.135 and touched $2.1 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $7.25 and the 52-week low is $1.52. The company has a market cap of $13 M and has approximately 63,14,428 outstanding shares.

Skyline Medical Inc. is a medical device company that develops and manufactures The STREAMWAY System a solution for the collection and disposal of infectious fluids that result from surgical procedures and post-operative care. The Company distributes these products to hospitals surgical centers and other medical facilities where bodily and irrigation fluids produced during surgical procedures must be contained measured documented and disposed. The Company also manufactures and sells two disposable products required for system operation: a bifurcated single procedure filter and tissue trap and a single use bottle of cleaning solution. Both items are used on a single procedure basis. Its STREAMWAY Automated Surgical Fluid Waste Management System (FMS) is a wall mounted automated system that disposes of an unlimited amount of suctioned fluid from the patient using standard surgical tubing. The FMS suctions surgical waste fluid from the patient using standard surgical tubing.

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