NEW YORK (GenomeWeb) – Signal Genetics reported on Wednesday a 43 percent drop in its second quarter revenues on a sharp decrease in test orders. 

The Carlsbad, California-based molecular diagnostics firm said that for the three months ended June 30, it recorded $734,000 in revenues, down from $1.3 million in the year-ago quarter. Test orders retreated 24 percent year over year to 770 in Q2 2015, resulting from a decrease in the number of tests billed for research and clinical patients at the University of Arkansas Medical Sciences, Signal's primary customer. 

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