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Wednesday, January 15, 2020

Accelerate Diagnostics down on soft guidance

Accelerate Diagnostics (NASDAQ:AXDX) expects 2020 revenues of $16 – 18M, up 72 – 94% from 2019 but well below consensus of ~$28M.
CEO Jack Phillips will be presenting this forecast and a business overview at JPM20 today.
Shares down 27% premarket on light volume.
Source: Press Release
#JPM20

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