Fluidigm (FLDM) shares dropped significantly after the company reported disappointing Q3 results. The company reported declining sales in the U.S. market and they continue to report negative operating cash flows.
The major culprit in the disappointing results was the microfluidics business, which has been struggling for some time now. The microfluidics business has experienced an almost 18% decrease in revenue year to date, and that is in comparison to 2018 numbers that were down nearly 24% from just two years prior.
Slide from Fluidigm Q3 2019 earning
During the Q3