QTNT - Quotient GAAP EPS of -$0.44 misses by $0.17 revenue of $10.17M beats by $0.96M

Quotient press release (NASDAQ:QTNT): Q3 GAAP EPS of -$0.44 misses by $0.17. Revenue of $10.17M (+16.2% Y/Y) beats by $0.96M. Outlook for the Fiscal Year Ending March 31, 2022 The Company now expects that total product sales of Alba by Quotient reagents in the current fiscal year will be in the range of $36 million to $37 million compared to product sales in FY 2021 of $34.5 million. Capital expenditures for fiscal year 2022 are expected to be in the range of $5 to $8 million. The Company estimates that cash used for operations for the fourth quarter of fiscal year 2022 is in the range of $6.5 to $7.5 million per month (excluding debt service cost and capital expenditures).

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Quotient GAAP EPS of -$0.44 misses by $0.17, revenue of $10.17M beats by $0.96M