GenMark Diagnostics Reports Fourth Quarter and Full Year 2019 Results
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., March 02, 2020 (GLOBE NEWSWIRE) -- GenMark Diagnostics, Inc. (Nasdaq: GNMK), a leading provider of automated, multiplex molecular diagnostic testing systems, today announced financial results for the fourth quarter and year ended December 31, 2019. Full Year 2019 Financial Highlights Total revenue of $88.0 million, an increase of 24% over 2018 -- ePlex revenue of $60.3 million, an increase of more than 59% over 2018Gross margin of 32.5%, a 500-bps improvement over 2018Ended the year with $53.5 million in cash and investments Fourth Quarter 2019 Financial Highlights Total revenue of $27.2 million, an increase of 40% over the fourth quarter of 2018 -- ePlex revenue of $19.2 million, an increase of approximately 58% over the fourth quarter of 2018Gross margin of 33.5%, a 630-bps improvement over the fourth quarter of 2018 Recent Operational Highlights Placed 38 net new ePlex analyzers in the fourth quarter of 2019, expanding the global installed base to 527 at y
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