NEW YORK (GenomeWeb) – After completing its first quarter as a public company, Salt Lake City, Utah-based Co-Diagnostics on Wednesday reported Q3 revenues of $2,598 compared to no revenue in the prior-year quarter.

For the three-month period ended Sept. 30, the firm's net loss grew to $3.9 million, or $.33 per share, from a loss of $449,950, or $.05 per share, in Q3 2016.

The firm's R&D expenses for the quarter rose 58 percent to $272,209 from $172,804 in Q3 2016, while SG&A expenses grew sevenfold to $1.5 million from $212,253.

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