SQI Diagnostics Reports Fourth Quarter and Fiscal 2020 Results
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TORONTO, Jan. 27, 2021 /PRNewswire/ - SQI Diagnostics Inc. (TSXV: SQD) (OTCQB: SQIDF), a precision medicine company that discovers, develops and commercializes innovative rapid diagnostic testing for healthcare professionals, patients and consumers worldwide, today reported its financial and operational results for the fourth quarter and fiscal year ended September 30, 2020.
Q4 2020 Financial Highlights
Sales were $0.3M, compared to $0.6M in Q4 2019 due to a combination of the absence of platform sales in the current quarter and the negative impacts of COVID-19 on the business and operations of the Company, as one of our customers temporarily suspended operations, which adversely impacted kit sales, lower service revenue due to the delay of a project with a major customer
Submission to U.S. FDA
TORONTO, Jan. 25, 2021 /PRNewswire/ - SQI Diagnostics Inc.(the Company or SQI ) ( (TSXV: SQD); (OTCQB: SQIDF), a precision medicine company that discovers, develops, and commercializes innovative rapid diagnostic testing for healthcare professionals, patients and consumers worldwide, today announced that patient enrollment began for the Company s clinical study for its direct-to-consumer COVID-19 HOME Antibody Test with the data to be used to support its EUA regulatory submission to the U.S. FDA.
The clinical study is being conducted in the United States and will analyze blood samples from both COVID-19 positive and negative subjects to meet FDA EUA guidelines. Blood samples are taken by the subjects at home and shipped and tested on SQI s automated sqidlite
SQI Diagnostics Announces $4 Million Funding via Warrant Exercise by Insiders
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TORONTO, Dec. 30, 2020 /PRNewswire/ - SQI Diagnostics Inc. (TSXV: SQD) (OTCQB: SQIDF), a precision medicine company that discovers, develops and commercializes innovative rapid diagnostic testing for healthcare professionals, patients and consumers worldwide, today announced that 19,074,997 common share purchase warrants of the Company (the Warrants ) have been exercised by certain insiders, who are control persons of the Company, for aggregate gross proceeds of approximately $4 million. SQI intends to use the proceeds from the $4 million funding to facilitate the clinical development, regulatory submission and commercialization of its direct-to-consumer COVID-19 HOME Antibody Test and both its RALI-dx