NEW YORK (GenomeWeb) – HTG Molecular Diagnostics reported after the close of the market on Monday that its first quarter revenues saw a 62 percent bump year over year in spite of a slowdown in product sales.

For the three months ended March 31, the firm reported $1.4 million in total revenues, compared to $865,232 in the year-ago period. While service revenues grew to $830,025 in Q1 2017 from $265,042 in Q1 2016, product revenues slid to $541,144 from $600,190.

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