Great Basin Scientific (GBSN) Posts Narrower Q1 Loss

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Go back to Great Basin Scientific (GBSN) Posts Narrower Q1 Loss

Great Basin Reports First Quarter 2016 Results

May 12, 2016 8:03 AM EDT

Company sees 59.4% growth in revenue; reaffirms guidance of 300-325 customers by year-end

SALT LAKE CITY--(BUSINESS WIRE)-- Great Basin Scientific, Inc. (NASDAQ: GBSN), a molecular diagnostic testing company, today reported financial results for the first quarter ended March 31, 2016.

First Quarter 2016 Financial Results and Business Highlights

Revenue for the first quarter was $731,422, versus $458,730 for the same period in 2015, representing a 59.4% year-over-year increase; 222 revenue-generating U.S. customers as of March 31, 2016, representing 119.8% growth year over year;... More