Pacific Edge annual loss widens as US push drives 62% boost in sales

Tue, 23 May 2017

By Paul McBeth May 24 (BusinessDesk) - Pacific Edge widened its annual loss as the cancer diagnostic company's focus on expanding its US footprint drove a 62 percent boost in sales. The Dunedin-based company posted a net loss of $21 million, or 5.5 cents per share, in the 12 months ended March 31, widening from a loss of $15.7 million, or 4.3 cents a year earlier. Operating revenue climbed to $8.1 million from $5 million a year earlier, a slower increase than expected as Pacific Edge took longer to close deals with large US health admini...

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