Sales were driven by a strong flu season and growth in Asia-Pacific business.
The firm also received approval from the Singapore Health Sciences Authority to market the Unyvero blood culture cartridges.
The company reported that it signed agreements for 337 instruments , while revenue-generating placements totaled 78 across the US, European, and Middle East regions.
The PCR-based cartridge is designed to detect 21 pneumonia pathogens and 19 genetic markers of antibiotic resistance, and runs on the company's Unyvero system.
The firm expects full-year revenues of $4.2 million compared to revenues of $39,000 in 2016.
IDbyDNA and ARUP Labs will offer their first test for pneumonia through ARUP's established clinical network in the coming weeks.
The approach is based on a new approval of the BacT/ALERT Virtuo system and new indications for the firm's procalcitonin assay.
For the 40-target panel, the trial found an overall average weighted sensitivity and specificity of 90 and 99 percent, respectively.
The test is an improved version of one that was approved three years ago, and runs on the firm's illumigene molecular diagnostics platform.