OpGen Posts 26 Percent Revenue Decline in Q3

Nov 14, 2018

NEW YORK (GenomeWeb) — OpGen reported after the close of the market Tuesday a 26 percent drop in its third quarter revenues, citing lower sales of its legacy QuickFISH rapid pathogen diagnostic products.

For the three months ended Sept. 30, OpGen's revenues fell to $552,221 from $745,114 in the same period the year before, pulled down by the decline in QuickFISH revenues, and in line with previously disclosed estimates.

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