NEW YORK (GenomeWeb) – Biocept reported after the close of the market on Tuesday that its second quarter revenues dropped 37 percent year over year.

For the three months ended June 30, the San Diego-based liquid biopsy firm saw $822,238 in revenues compared to $1.3 million a year ago.

According to the company, the drop resulted in part from a change in commercial revenue recognition to a method based on accruals from one based on cash. Based on accruals only, the firm's revenues for Q2 2017 would have been only $1.1 million, Biocept said.

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