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Accelerate Diagnostics: Q1 Earnings Snapshot

May 16, 2022 GMT

TUCSON, Ariz. (AP) _ Accelerate Diagnostics Inc. (AXDX) on Monday reported a loss of $14.2 million in its first quarter.

On a per-share basis, the Tucson, Arizona-based company said it had a loss of 21 cents. Losses, adjusted to extinguish debt, came to 25 cents per share.

The maker of systems that diagnose drug-resistant infections posted revenue of $3 million in the period.

In the final minutes of trading on Monday, the company’s shares hit 61 cents. A year ago, they were trading at $7.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AXDX at https://www.zacks.com/ap/AXDX