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Stock impact report

OpGen Reports First Quarter 2018 Financial Results and Provides a Business Update

OpGen, Inc. (OPGN) 
Last opgen, inc. earnings: 11/6 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.opgen.com
Company Research Source: GlobeNewswire
Revenue increases 10% to $0.8 million, net loss decreases 39% to $3.0 million Conference call begins at 4:30 p.m. Eastern time today GAITHERSBURG, Md., May 08, 2018 (GLOBE NEWSWIRE) -- OpGen, Inc. (NASDAQ:OPGN) today reported financial and operating results for the three months ended March 31, 2018, and provided a summary of recent business highlights. Total revenue for the first quarter of 2018 was $0.85 million, up 10% from the $0.77 million reported in the first quarter of 2017. The net loss for the first quarter of 2018 was $3.0 million, a 39% decrease compared with the net loss of $5.0 million for the first quarter of 2017. “During the quarter our development efforts advanced for our Acuitas® AMR Gene Panel u5.47 for Research Use Only (RUO) test for infection control purposes and pharmaceutical surveillance studies,” said Evan Jones, Chairman and CEO of OpGen. “The test detects 5 pathogens and 47 gene targets that convey resistance to nine classes of antibiotics directly fro Show less Read more
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