TruScreen posts $3.5 million annual net loss

Wed, 29 May 2019

By Jenny Ruth May 30 (BusinessDesk) - Cervical cancer test maker TruScreen reported a $3.5 million net loss for the year ended March, failing to meet its June 2018 forecast that it would turn profitable. Now the company is saying it is making “positive commercial progress in its key markets and significant sales growth is expected.” The latest result compares with a $4.2 million net loss the previous year, with revenue up 43 percent at $3.1 million. After stripping out interest and R&D tax credits, revenue from sale of goods rose to $2...

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