Business & Finance

Chembio Diagnostics announces 8% third quarter revenue increase over same period last year

Published in Medical Verdicts and Law Weekly, December 14th, 2006

Chembio Diagnostics, Inc. (CEMI) has reported its financial results for the third quarter ended September 30, 2006.

Revenues for the third quarter of 2006 were $1.02 million, an 8% increase over third quarter 2005 revenues of $945,000. The third quarter 2006 net loss attributable to common stockholders was $2.33 million, or $0.21 per share, compared with a net loss attributable to common stockholders of $1.04 million, or $0.13 per share, for the third quarter of 2005.

Revenues for the first nine months of 2006 were $3.89 million, a 51% increase over the $2.58 million in revenues reported during the first nine months of 2005. Net loss attributable to...

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Source: Medical Verdicts and Law Weekly (2006-12-14)

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