Pacific Edge narrows first half loss as canned staff share scheme cuts costs

Tue, 28 Nov 2017

By Rebecca Howard Nov. 29 (BusinessDesk) - Cancer diagnostics company Pacific Edge narrowed its first-half loss after clamping down on costs by ditching a staff share scheme and lifting revenue. The Dunedin-based company reported a net loss of $8.7 million, or 22 cents per share, in the six months ended Sept. 30, compared to a loss of $11.3 million, or 30 cents, a year earlier. Revenue lifted to $4.9 million from $3.8 million, while total operating expenses fell to $13.5 million from $15.1 million, due largely to savings from the windin...

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