Biocept Reports 2018 Fourth Quarter and Full Year Financial Results

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Biocept (BIOC) Tops Q4 EPS by 15c, Revenues Miss

March 28, 2019 4:14 PM EDT

Biocept (NASDAQ: BIOC) reported Q4 EPS of ($1.43), $0.15 better than the analyst estimate of ($1.58). Revenue for the quarter came in at $860 thousand versus the consensus estimate of $930 thousand.

"Revenues and billable samples for the fourth quarter reached their highest levels in 2018, as we benefited from our refocused commercial strategy," said Michael Nall, President and CEO of Biocept. "Our efforts to enhance our growth in test volumes has continued into 2019.

"A key driver of growth is the relaunch of our... More