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Accelerate Diagnostics: Q1 Earnings Snapshot

Accelerate Diagnostics: Q1 Earnings Snapshot

By AP News
Published - May 11, 2023, 04:21 PM ET
Last Updated - Jun 21, 2023, 08:25 PM EDT

TUCSON, Ariz. (AP) — TUCSON, Ariz. (AP) — Accelerate Diagnostics Inc. (AXDX) on Thursday reported a loss of $16.8 million in its first quarter.

On a per-share basis, the Tucson, Arizona-based company said it had a loss of 17 cents.

The maker of systems that diagnose drug-resistant infections posted revenue of $2.8 million in the period.

In the final minutes of trading on Thursday, the company's shares hit 75 cents. A year ago, they were trading at 72 cents.

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