NEW YORK (360Dx) – Chembio Diagnostics reported on Tuesday a 5 percent year-over-year drop in total revenues, dragged down by an 8 percent drop in product revenues.

For the three months ended March 31, the firm reported $6.3 million in total revenues, down from $6.6 million in the first quarter of 2016, but beating analysts' average estimate of $4.6 million.

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