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PTE - PolarityTE down 10% on lower-than-expected Q2 revenue
PolarityTE Inc.
PolarityTE ( NASDAQ: PTE ) is trading ~10% down after the company reported lower-than-expected quarterly revenue.
The company said it ceased commercial sales of SkinTE in the second calendar quarter of 2021 and sold the IBEX services business, so the Company was not engaged in any revenue generating business activity at June 30, and does not expect to generate operating revenues from any business activity for the foreseeable future.