• SQI Diagnostics (SQD) reported its financial and operational results for the second quarter of fiscal 2022
  • Highlights include record sales of $5.6M in Q2 2022, compared to $0.3M in Q2 2021
  • Gross profit was $3.0M in Q2 2022, compared to $0.3M in Q2 2021
  • SQI CEO Andrew Morris sat down with Coreena Robertson to discuss the results
  • SQI Diagnostics Inc is a Canada-based company engaged in developing and commercializing technologies & products for multiplexing diagnostics
  • SQI Diagnostics opened trading at C$0.17

SQI Diagnostics (SQD) reported its financial and operational results for the first quarter of the fiscal year ending September 30, 2022.

Financial highlights include record sales of $5.6M for Q2 and gross profit of $3.0M.

SQI Diagnostics CEO Andrew Morris sat down with Coreena Robertson to discuss the news.

“We’re extremely pleased with our revenue growth this quarter, which we see as a validation of our decision to grow our business through acquisition and new product lines.

As we move forward, we hope to see continued growth fueled by our core lung health products like our RALI-Dx™ IL-6 Severity Triage Test, Exact COVID19 Antibody test and our TOR-Dx Lung products.”

SQI Diagnostics is a Canada-based company engaged in developing and commercializing technologies & products for multiplexing diagnostics.

SQI Diagnostics Inc. (SQD) opened trading at C$0.17.

More From The Market Online

Buzz on the Bullboards: Volatility persists in the face of economic indicators

Canada’s main stock index struggled, the NASDAQ hit a high, demonstrating continued appetite for tech stocks amidst broader market volatility.

@ the Bell: Weak bank earnings pummel TSX

Canada’s largest centre dropped nearly 1 per cent on Wednesday as Treasury yields firmed ahead of key U.S. inflation data.
The Market Online Video

Drilling company poised to capitalize on market conditions

AKITA Drilling is a North American land drilling contractor, providing services to the oil and gas industry in Canada and the U.S.
stock market down

@ the Bell: TSX sinks as producer prices rise

The TSX couldn’t get a rally going on Tuesday after reports that the Industrial Product Price Index rose 1.5 per cent in April.