Foundation Medicine (FMI) Misses Q4 EPS by 6c

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Foundation Medicine Announces 2016 Fourth Quarter and Year-End Results, Recent Highlights and 2017 Outlook

February 22, 2017 4:01 PM EST

CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Foundation Medicine (NASDAQ: FMI) today reported financial and operational results for the fourth quarter and year ended December 31, 2016. Highlights for the quarter and year included:

Fourth quarter revenue of $28.8 million, 11% year-over-year growth; Full year 2016 revenue of $116.9 million, 25% year-over-year growth; 12,788 clinical tests reported in the fourth quarter, 54% year-over-year growth;... More