Quotient Beats Estimates; Narrows Fiscal Q4 Loss, Revenue Rises YoY

Quotient (QTNT), a commercial-stage diagnostics company, reported Tuesday fiscal Q4 net loss of $0.44 per share, which came in narrower than the $0.69 loss per share in the prior year period. The average Street estimate from three analysts was $0.48 loss per share.

Revenue for the quarter ended March 31 was $6.1 million, up from $4.7 million reported for the same period last year. The Street estimate was for revenue of $5.7 million.

For fiscal 2019, the company expects total product sales to range from $25 million to $26 million, and capital expenditures of $5 million to $10 million.

Additionally, the company has also appointed Franz Walt to the role of chief executive officer.

Shares were marginally higher pre-bell.

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