10-31-2016, 11:49 AM
We're just giving you the graph here, simply because it's quite a crash. We're at 3 cents here (chart self-updates), earlier in the year the shares hit $900+. Amazing stuff..
We might look into this later, lots of dilution, that's for sure.There was actually lots of optimism as recently as July..
“We are thrilled with our continued success in 2016 and are pleased to be ahead of plan for the year in securing revenue-producing customer sites,” said Ryan Ashton, co-founder and chief executive officer of Great Basin. “Our recently closed financing allows us to be more aggressive in both our instrument manufacturing plans and the expansion of our sales team, therefore we are raising our guidance for customer acquisition for both 2016 and 2017. As we look to double our menu of commercially available assays from two to four in the third quarter of 2016, we anticipate we will more than double our potential revenue per customer from $15,000 to approximately $35,000, with the caveat that not all our customers will use all our assays. We expect to see our revenue growth trajectory increase over the coming months, particularly in the second half of 2017 as our customers evaluate and add these assays to their diagnostic services.”
Great Basin Announces Preliminary Q2 2016 Revenue and Customer Acquisition Results