Valeritas Holdings, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported, revenue, net of $5,781,000, operating loss of $14,024,000, loss before income taxes of $14,935,000, net loss attributable to common stockholders of $15,492,000, compared to revenue, net of $4,796,000, operating loss of $8,395,000, loss before income taxes of $9,846,000, net loss attributable to common stockholders of $9,846,000, for the same period a year ago. Net loss per share of common share outstanding basic and diluted was $3.10 against $6.19 a year ago.

For the year to date, the company reported, revenue, net of $20,245,000, operating loss of $45,268,000, loss before income taxes of $49,301,000, net loss attributable to common stockholders of $51,012,000, compared to revenue, net of $19,550,000, operating loss of $33,773,000, loss before income taxes of $46,367,000, net loss attributable to common stockholders of $46,367,000, for the same period a year ago. Net loss per share of common share outstanding basic and diluted was $8.94 against $39.06 a year ago.

For the full year of 2018, the company expects revenue to be between $26 and $28 million, the company expects quarterly gross margin to increase on an annual and sequential basis in 2018, ending the year with a gross margin near 50% for the fourth quarter of 2018. These expectations are based on, among other things, the assumption that there will be continued growth in the company's targeted accounts and no further decline in the company's non-targeted accounts.