Revenue Growth
Revenue for the third quarter grew 32% over the same quarter last year, reaching $0.6 million.
Cost Management
Operating expenses for the quarter were down 10% year-on-year and down 18% for the first three quarters.
Partnership with Werfen
VolitionRx signed a research license and exclusive commercial option rights agreement with Werfen for antiphospholipid syndrome (APS), potentially opening a market of approximately $85 million annually.
Partnership with Hologic
A co-marketing and service agreement with Hologic to promote Nu.Q Discover services, leading to the first sale by Hologic.
Scientific Advancements
Significant progress in the Capture-Seq project, potentially a revolutionary new liquid biopsy method for cancer detection.
Cash Flow Improvement
Net cash used in operating activities was $3.6 million for the quarter, down 33% over the same period last year.