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Article: Genoptix Reports Continued Strong Growth for the Third Quarter and First Nine Months of 2009.
- Article from:
- PR Newswire
- Article date:
- November 5, 2009
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Company Reports Record Quarter With Revenues Of More Than $50 Million
CARLSBAD, Calif., Nov. 5 /PRNewswire-FirstCall/ -- Genoptix, Inc. , a specialized laboratory services provider, today reported revenues of $50.8 million for the third quarter of 2009, which includes a $4.4 million benefit from changes in accounting estimates resulting primarily from strong cash collections related to prior period revenue. Third quarter revenue increased 58% over revenue of $32.1 million for the comparable period in 2008, which included a $2.5 million benefit from changes in accounting estimates.
"Our performance in the third quarter was the product of exceptional ...