Transgenomic Q3 Revenues Fall 16 Percent | GenomeWeb

NEW YORK (GenomeWeb News) – Transgenomic reported after the close of the market on Wednesday that its sales in the third quarter fell 16 percent year over year.

Total sales for the three months came in at $6.6 million, compared to $7.9 million a year ago. While the Omaha, Neb.-based company saw a change in mix to higher priced lab tests and higher contract revenues associated with a collaboration agreement, it wasn't enough to offset a decrease in laboratory services to $4.1 million from $4.7 million, and a drop in diagnostic tools sales to $2.5 million from $3.2 million.

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