NetworkNewsBreaks – AnPac Bio-Medical Science Co
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Posted On: 10/01/2021 4:14:28 PM
NetworkNewsBreaks – AnPac Bio-Medical Science Co. Ltd. (NASDAQ: ANPC) First Half Revenue Numbers Up by 128.5%, Non-GAAP Loss Down by 18.3%
AnPac Bio-Medical Science (NASDAQ: ANPC), a biotechnology company with operations in China and the United States, has released it unaudited financial results for the six months ended June 30, 2021. Highlights of the report include total revenues reaching an estimated $1.4 million, an increase of 128.5% compared to the same period in 2020; gross profit margin of 61.4%, an increase of 16.1 percentage points from the same six-month period in 2020; and the average selling price of CDA-based tests being $71, also an increase over last year’s average price for the same period. The company also reported a decrease in non-GAAP net loss of more than 18% with this year’s total being $5.8 million. Corporate highlights included continued validation regarding the efficacy of CDA testing provided through clinical study follow-ups. In addition, the company has completed development and evaluation of a second-generation cancer detection sensor. “We are very pleased with the significant increases in our revenue and commercial cancer testing volume in the first half year, which are strong indications that AnPac Bio’s technology, services and quality are being recognized by the market and gaining traction,” said AnPac Bio chair and CEO Chris Yu in the press release. “Overall, our company is heading in the right direction. . . . We are fully committed to innovating and developing new products and technologies and working closely with customers to achieve continued growth.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
AnPac Bio-Medical Science (NASDAQ: ANPC), a biotechnology company with operations in China and the United States, has released it unaudited financial results for the six months ended June 30, 2021. Highlights of the report include total revenues reaching an estimated $1.4 million, an increase of 128.5% compared to the same period in 2020; gross profit margin of 61.4%, an increase of 16.1 percentage points from the same six-month period in 2020; and the average selling price of CDA-based tests being $71, also an increase over last year’s average price for the same period. The company also reported a decrease in non-GAAP net loss of more than 18% with this year’s total being $5.8 million. Corporate highlights included continued validation regarding the efficacy of CDA testing provided through clinical study follow-ups. In addition, the company has completed development and evaluation of a second-generation cancer detection sensor. “We are very pleased with the significant increases in our revenue and commercial cancer testing volume in the first half year, which are strong indications that AnPac Bio’s technology, services and quality are being recognized by the market and gaining traction,” said AnPac Bio chair and CEO Chris Yu in the press release. “Overall, our company is heading in the right direction. . . . We are fully committed to innovating and developing new products and technologies and working closely with customers to achieve continued growth.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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