Foundation Medicine (FMI) Tops Q1 EPS by 8c

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Foundation Medicine Announces 2018 First Quarter Results and Recent Highlights

May 2, 2018 4:01 PM EDT

CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Foundation Medicine (NASDAQ: FMI) today reported financial and operational results for the first quarter ended March 31, 2018. Highlights for the quarter included:

Posted revenue of $52.8 million, 101% year-over-year growth; Reported 21,861 clinical tests, 57% year-over-year growth; Achieved broad Medicare coverage through a final National Coverage Determination (NCD) from the Centers for Medicare and Medicaid... More