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NEW YORK – MDxHealth reported on Monday that its revenues for the first nine months of 2019 fell 35 percent year over year, primarily as a result of adjustments in accounts receivable, payor mix, and the timing of test kit collections.

For the nine months ended Sept. 30, the diagnostics company reported revenues of $15.6 million, down from $24.0 million in the year-ago period. Product revenues fell 31 percent to $15.3 million from $22.1 million, and income from royalties and patents fell 82 percent to $342,000 from $1.9 million.

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