$NEO NeoGenomics Reports Revenue of $18.2 Mill
Post# of 63660
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[url=First Quarter 2014 Highlights:
Test volume growth of 21%
Revenue growth of 16%
Decline in average cost per test of 7%
Adjusted EBITDA of $1.7 million and net income of $0.1 million
Launch of next generation sequencing profiles for a variety of cancer types
Revenue for the first quarter was $18.2 million, a 16.1% increase over first quarter 2013 revenue on test volume growth of 20.7%. This revenue growth was achieved despite a $700,000 reduction in revenue recorded to account for a conservative interpretation of the unresolved National Correct Coding Initiative ("NCCI"
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Company Increases Revenue and EPS Guidance for the Full-Year
First Quarter 2014 Highlights:
Test volume growth of 21%
Revenue growth of 16%
Decline in average cost per test of 7%
Adjusted EBITDA of $1.7 million and net income of $0.1 million
Launch of next generation sequencing profiles for a variety of cancer types
Revenue for the first quarter was $18.2 million, a 16.1% increase over first quarter 2013 revenue on test volume growth of 20.7%. This revenue growth was achieved despite a $700,000 reduction in revenue recorded to account for a conservative interpretation of the unresolved National Correct Coding Initiative ("NCCI"
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