Loss Widens at Medical Test Manufacturer Chembio Diagnostics

Summary


Medical test manufacturer Chembio Diagnostics Inc. on Tuesday said a delay in shipping an order for rapid HIV detection tests led to a greater loss in its third quarter.

The firm said its third-quarter loss grew to $2.33 million from $1 million a year ago despite an 8 percent rise in revenue, which rose to $1.02 million.

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Extract


Loss Widens at Medical Test Manufacturer Chembio Diagnostics

Shares of Medford-based Chembio (OCTBB: CEMI), which i...

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