GENE - Genetic Tech expects Q2 cash receipts of A$1.8M
Genetic Technologies (NASDAQ:GENE) expects cash receipts for Q2 of A$1.8M, a 112% increase sequentially following the integration of EasyDNA. In the coming quarters, the focus will be on further leveraging the acquisition by including the Multi-Test product. Multi-Test technical validation submitted to regulators National Association of Testing Authorities and Centers for Medicare & Medicaid Services for final approval ahead of its commercial release. The company is now focused on finalizing commercial distribution opportunities via its EasyDNA brand and its existing partner network with IBX, 1 Health and Vitagene.
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Genetic Tech expects Q2 cash receipts of A$1.8M