Overview
Norway diagnostics firm's Q1 sales revenue rose 60% yr/yr, driven by GA-map kit demand
Gross margin declined to 73.2% due to US customs duties and weaker USD
Company secured new patents in Canada and US, launched AI-assisted interpretation platform
Outlook
Company did not provide specific guidance or financial outlook for the current qtr or yr in press release
Result Drivers
REAGENT KIT SALES - Growth in recurring GA-map reagent kit sales drove Q1 revenue increase
CURRENCY AND DUTIES - Gross margin declined due to US customs duties and weaker USD
Company press release:
Key Details
Metric
Q1 Sales
Beat/Miss
Actual
NOK 3.8 mln
Consensus Estimate
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