TruScreen expects to reach profitability in 2019, reports net loss for FY18

TruScreen expects to reach profitability in 2019, reports net loss for FY18
Rebecca Howard
By Rebecca Howard June 14 (BusinessDesk) - Cervical cancer technology company TruScreen expects to reach profitability in 2018 after reporting a wider net loss for the year ended March 31 on lower than expected sales and higher costs.  The net loss was $4.47 million versus a loss of $3.54 million in the prior year, it said in preliminary results released to the stock exchange. Sales rose to $804,062 versus $585,388 a year earlier. While sales were 37 percent higher, it said total sales revenue for the year was "below expectations" after t...