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Stock Market & Financial Investment News

News Breaks
January 12, 2014
15:41 EDTSQNMSequenom reports preliminary FY13 total revenue around $162M, consensus $165.45M
The company announced preliminary 2013 performance results. The company sees total revenue of approximately $162M, showing growth of approximately 81% year-over-year for 2013. Diagnostic services revenues of approximately $120M, as compared to $46.5M in 2012. Diagnostic services revenues continue to be recorded primarily as cash is received. The company added that it sees high margin stable revenue in the Sequenom Bioscience business of over $42M. Total cash, cash equivalents and marketable securities as of December 31 were approximately $71M and cash burn was reduced to approximately $14M for Q413. Unrecorded diagnostic accounts receivable are estimated to be $46M to $51M as of December 31.
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September 16, 2014
10:44 EDTSQNMSequenom lost Inter Partes Review to Ariosa, says Piper Jaffray
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