Cancer Genetics, Inc. Announces Record Revenue for Fourth Quarter and Full-Year 2016 and Provides 2017 Business Update
Full-year 2016 revenues up 50% year-over-year to $27 million from $18 million
Fourth quarter revenues up 32% year-over-year on strong organic growth to $7.2 million
Fourth quarter gross profit margins expand over three-fold to 41% compared to 13% for the same quarter of 2015
Full-year 2016 gross profit margins were 37% up from 22% for the full-year of 2015
Fourth quarter 2016 net loss reduced by 51% as compared to fourth quarter 2015 and improves pathway to profitability
CGI is working with 9 of the top 10 global pharmaceutical and biotech companies
CGI is powering over 125 active clinical trials and studies with 36 focused in immuno-oncology
- Published: 23 March 2017
- Written by Editor