HTG Molecular Diagnostics Announces Preliminary 2019 Unaudited Financial Results
HTG Molecular Diagnostics, Inc. (HTGM)
Last htg molecular diagnostics, inc. earnings: 11/12 04:01 pm
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Source: GlobeNewswire
Preliminary full year 2019 unaudited revenue of $19.2 million Cash and cash equivalents of $33.0 million as of December 31, 2019 TUCSON, Ariz., Jan. 13, 2020 (GLOBE NEWSWIRE) -- HTG Molecular Diagnostics, Inc. (Nasdaq: HTGM) (HTG), a life science company whose mission is to advance precision medicine, today announced preliminary, unaudited financial results for the year ended December 31, 2019. Total revenue for the full year 2019 is expected to be approximately $19.2 million. Cash and cash equivalents are expected to be approximately $33.0 million, with an additional $3.3 million of restricted cash held in connection with a convertible note that will be included in the company’s current liabilities, as of December 31, 2019. “Our performance for 2019 reflects both the continued growth of our RUO profiling business and the impact of lower collaborative development services program activities,” said John Lubniewski, CEO of HTG. “We are optimistic about the continuing opportunitie
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