Royalties Drive up GeneNews' Q2 Revenues | GenomeWeb

NEW YORK (GenomeWeb News) – Canadian molecular diagnostics company GeneNews said after the close of the market Thursday that revenues for the second quarter increased nearly six-fold year over year.

The company posted C$56,304 (US$56,569) in revenues for the three months ended June 30, up from C$9,790 a year ago. GeneNews recorded C$51,833 in royalty payments, compared to zero a year ago, while sales were down to C$4,471 from C$9,790.

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