Pacific Edge returns to the capital well as sales grow

Thu, 29 Nov 2018

By Jenny Ruth Nov. 29 (BusinessDesk) - Capital hungry Pacific Edge is asking shareholders and other investors to stump up with another $12 million after burning through another $8.6 million in cash in the six months ended September. That cash outflow was 15 percent down on the $10.2 million the company burned in the same six months last year and the company had just over $10 million in cash left at Sept. 30. The results show a significant 43 percent step up to more than $2 million in sales of the company’s tests used to help detect bla...

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