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

Thu, 14 Jun 2018

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...

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