Cancer Genetics (CGIX) Reports Q3 EPS of $0.98 (Earlier)

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Cancer Genetics Reports Third Quarter 2019 Financial Results and Provides Strategic Business Update

November 20, 2019 8:00 AM EST

RUTHERFORD, N.J., Nov. 20, 2019 (GLOBE NEWSWIRE) -- Cancer Genetics, Inc. (Nasdaq: CGIX), a leader in drug discovery and preclinical oncology and immuno-oncology services, today announced strategic, financial and operating results for the third quarter ended September 30, 2019.

RECENT STRATEGIC AND OPERATIONAL HIGHLIGHTS

Delivered on cost reduction initiatives and consolidated operational focus on drug discovery and preclinical servicesIncreased Discovery Services revenue in Q3 2019 to $2.1 million, an increase of $0.5 million, or 35% growth in Q3 2019 sequentially over Q2 2019Gross margin on Discovery Services was 53.2%,... More