Akers Biosciences Announces Q2 and H1 2018 Earnings
AKERS BIOSCIENCES INC COMMON S (AKER)
US:NASDAQ Investor Relations:
akersbio.com/investor-center
Company Research
Source: GlobeNewswire
THOROFARE, N.J., Aug. 14, 2018 (GLOBE NEWSWIRE) -- Akers Biosciences, Inc. (NASDAQ: AKER) (AIM: AKR.L), (“Akers Bio” or the "Company"), a developer of rapid health information technologies, reports its financial results for the three months and six months ended June 30, 2018. A Form 10-Q containing the full financial statements is available for viewing on the Company's website at www.akersbio.com or www.sec.gov. Q2 & H1 Financial Summary: Q2 total revenue $526,601 (Q2 2017: $1,072,861) Revenue from flagship PIFA Heparin PF/4 Rapid Assay products decreased by 17% to $356,082 (Q2 2017: $426,747), but increased by 37% against the first quarter of 2018 – the Company continued to experience lower yields in the process of extracting the antigen used to produce these products during Q2, resulting in production under target levels, and backordersRevenue from breathalyzer product sales utilizing MPC Biosensor technology increased by 53% to $106,680 (Q2 2017: 69,848), driven by sales of Met
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