Cancer Genetics Reports 45 Percent Increase in Q1 Revenues, Maps out Growth Strategy | GenomeWeb

NEW YORK (GenomeWeb News) – Cancer Genetics today said that its first-quarter revenues jumped 45 percent year over year, as it reported financial results for the first time as a publicly traded company.

Revenues for the three months ended March 31 were $1.2 million, compared to $834,752 during the first quarter in 2012. Clinical test volume increased to 1,911 tests in the quarter, up 19 percent from 1,610 in the year-ago period, while average revenue per test rose 23 percent to $615 from $502 a year ago.

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