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Third Wave reports down quarter, which CEO calls temporary
Madison, Wis. — Third Wave Technologies Inc. reported a loss of $4.4 million on revenues of $7.1 million for the quarter that ended March 31, attributing the shortfall to the timing of large orders and slow sales of a line of reagents.
Third Wave makes clinical molecular diagnostic products, including reagents for the study of infectious diseases and cystic fibrosis, a genetic condition. In the same quarter last year, the company earned $2.8 million on revenues of $15.3 million. President and CEO John Puisis said that the revenue drop was temporary and the company has traction in the marketplace.
Third Wave makes clinical molecular diagnostic products, including reagents for the study of infectious diseases and cystic fibrosis, a genetic condition. In the same quarter last year, the company earned $2.8 million on revenues of $15.3 million. President and CEO John Puisis said that the revenue drop was temporary and the company has traction in the marketplace.
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