In his 2015 State of the Union, President Obama announced the Precision Medicine Initiative — a massive research project designed to gain more insight into how we live with and treat various diseases. Last year, the National Institutes of Health (NIH) changed the initiative’s name to the warmer, fuzzier, All of Us, and opened enrollment in hopes of achieving its goal of gaining… Read More
Category: fitbit
Fitbit beats analyst estimates but takes a net loss of $113 million in Q3
It seems Fitbit is only slightly benefitting from the news of its new products — particularly the Fitbit Ionic device. The company just reported it beat analyst estimates with a non-GAAP net loss per share of $0.01, with $393 million in revenue; though that’s down from the $504 million in revenue last October, leading to a net loss of $113 million, or 48 cents per share. Read More