Seeking Alpha

BG Medicine down hard after Q2 earnings report

  • BG Medicine (BGMD -18%) takes a hit after reporting its Q2 earnings this morning.
  • Its net loss came in at $4.8M, a 25% reduction from the net loss reported in Q212.
  • The company expects FY13 revenue to range between $3.8M to $4M.
  • Operating cash burn for  FY13 will range from $15.5M to $16.5M and principal payments on its term loan to be $2.5M.
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