Accelerate Diagnostics reports Q2 2018 financial results

Aug 06, 2018

Revenue up 142 Percent, Global install base up 25 Percent

TUCSON, Ariz., Aug. 6, 2018 /PRNewswire/ — Accelerate Diagnostics, Inc. today announced financial results for the quarter ending June 30, 2018. The company posted revenue of $1.7 million, up 142% from the prior year quarter, and reported a record number of new agreements signed in the quarter bringing the global total to 430 instruments. Contracts for customer evaluations total 312 instruments while commercial placements grew to 118 across the U.S., European, and Middle East regions.

“We’re excited to report a record number of new customer agreements this quarter,” said Lawrence Mehren, President and CEO. “While not yet fully translated into revenue, this sales momentum, strong customer advocacy, and upcoming clinical outcome data are quite encouraging.”

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