Despite More Than Double Q4 Sales, Chembio Diagnostics Posts Deeper Losses
Chembio Diagnostics Inc's (NASDAQ:CEMI) Q4 sales increased 101% Y/Y to $20.6 million, beating the consensus of $13.55 million. Net product sales increased 154% to $17.4 million. Government grant, license, and royalty, and R&D revenue totaled $3.2 million, down 6%. Chembio posted a wider operating loss of $(13.97) million, compared to $(7.14) million…
Benzinga ·
Benzinga
