GenMark Q2 miss sinks shares, down 16% [Seeking Alpha]
GENMARK DIAGNOSTICS (GNMK)
Last genmark diagnostics earnings: 3/2 04:05 pm
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US:NASDAQ Investor Relations:
ir.genmarkdx.com/investor-relations
Company Research
Source: Seeking Alpha
Thinly traded micro cap GenMark Diagnostics ( GNMK ) slips on almost 50% higher volume after it reported Q2 results that fell short of consensus. Total revenues: $12.4M (-0.8%); product sales: $12.3M (-0.8%); net loss: ($18.0M) (-39.5%); loss/share: ($0.37) (-23.3%); cash flow ops (6 mo.): ($28.2M) (-81.9%). Quick assets totaled $106.5M at the end of June. The company's ePlex instrument and Blood Culture ID Panels were cleared for sale in the U.S. and EU. so investors will be expecting a solid ramp. Previously: GenMark Diagnostics misses by $0.05, misses on revenue (Aug. 1) Now read: Pulse Biosciences: Who Was In That Room? »
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