TUCSON, Ariz. (AP) — TUCSON, Ariz. (AP) — Accelerate Diagnostics Inc. (AXDX) on Thursday reported third-quarter net income of $910,000, after reporting a loss in the same period a year earlier.
On a per-share basis, the Tucson, Arizona-based company said it had net income of 6 cents. Losses, adjusted for non-recurring gains and to extinguish debt, came to 92 cents per share.
The maker of systems that diagnose drug-resistant infections posted revenue of $3.3 million in the period.
Accelerate Diagnostics shares have declined 16% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.90, a decline of 55% in the last 12 months.
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