GenMark Diagnostics Provides Preliminary Financial and Operational Results for First Quarter 2020 and Increases 2020 Revenue Guidance
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
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Source: GlobeNewswire
CARLSBAD, Calif., April 07, 2020 (GLOBE NEWSWIRE) -- GenMark Diagnostics, Inc. (NASDAQ:GNMK), a leading provider of automated, multiplex molecular diagnostic testing systems, today provided preliminary financial and operational results for the quarter ended March 31, 2020 and increased its full year 2020 revenue guidance. First Quarter 2020 Financial Highlights Total revenue expected to be approximately $38.7 million, representing an increase of approximately 80% over the first quarter of 2019 ePlex® revenue expected to be approximately $34.3 million, an increase of approximately 119% compared to the first quarter of 2019Average annuity per analyzer of approximately $214,000, up 29% versus the first quarter of 2019 COVID-19 positively impacted first quarter placements and revenue Approximately 80% of gross placements included interest in COVID-19 testingSARS-CoV-2 consumable revenue accounted for approximately 5% of total ePlex revenue Gross margin expected to be a
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