Pacific Edge shares tumble 14% after FY net loss

Tue, 28 May 2019

By Rebecca Howard May 29 (BusinessDesk) - Pacific Edge's shares fell 14 percent, despite reporting a smaller full year net loss as more people adopted its Cxbladder cancer diagnostics tests. The shares dropped to 18.5 cents after the Dunedin-based company reported a loss of $17.9 million in the year to March 31, versus a loss of $19.7 million in the prior year. Operating revenue from test sales was up 12 percent to $3.8 million while total revenue was up 3 percent to $5.1 million. The company has developed non-invasive, accurate and s...

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