NeoGenomics Inc. (NGNM.OB) Announces Positive Q1 Results and Accomplishments
NeoGenomics Inc. (OTCBB: NGNM) today announced its results and achievements for the first quarter of fiscal 2008, posting increases across the board. For the first time in the company’s history, it was free cash flow and positive for the entire quarter. NeoGenomics increased year-over-year revenues 86 percent to $4.2 million, and year-over-year gross margin 55 percent to $2.3 million. The company also announced its successful transition into a retail business model, the launch of a major hematology/oncology initiative in California, and the opening of a new immunohistochemistry, histology and cytology lab in Florida. “I am also excited to report that…