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Published: Jan 31, 2023
Revenue Up 800% Year-over-Year
TORONTO, Jan. 30, 2023 /PRNewswire/ –SQI Diagnostics Inc.(TSXV: SQD) (OTCQB: SQIDF), a leader in the science of lung health that develops and manufactures respiratory health and precision medicine tests today reported its financial and operational results for the fourth quarter and fiscal year ended September 30, 2022.
SQI Diagnostics Inc. (CNW Group/SQI Diagnostics Inc.)
“Last fiscal year we witnessed the transition of SQI from an R&D organization to a commercial company. We earned record revenues of $8.1 million in fiscal 2022 up significantly from $0.9 million in fiscal 2021. Our development work in 2022 resulted in regulatory approvals for our RALI-Dx IL-6 Severity Triage Test product in 2023 with the installation of sqidlite instruments for evaluation and clinical use in two Toronto hospitals and our Exact COVID19 Antibody Test product. We are excited about our commercial prospects for our RALI-Dx product and launching EXACT COVID-19 Antibody testing in this quarter and furthering our commercial successes.” said Andrew Morris, President and CEO of SQI Diagnostics.
Q4 2022 Financial Highlights
Fiscal 2022 Financial Highlights
Q4 2022 Corporate Highlights
About SQI Diagnostics
SQI Diagnostics is a leader in the science of lung health. The Company develops and manufactures respiratory health and precision medicine tests that run on SQI’s fully automated systems. The Company’s tests simplify and improve COVID-19 antibody monitoring, Rapid Acute Lung Injury testing, donor organ transplant informatics, and immunological protein and antibody testing. SQI Diagnostics is driven to create and market life-saving testing technologies that help more people in more places live longer, healthier lives. For more information, please visit
Chief Financial Officer
Morlan Reddock
This press release contains certain words and statements, which may constitute “forward-looking statements” within the meaning of applicable securities laws relating to future events or future performance and reflect the current expectations and assumptions of the Company regarding its growth, results of operations, performance, business prospects and opportunities. These statements generally can be identified by use of forward-looking words such as “may”, “would”, “could”, “will”, “should”, “expect”, “plan”, “estimate”, “anticipate”, “intends”, “believe”, “potential”, or “continue” or the negative thereof or similar variations. The Company’s actual results and performance discussed herein could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, the effect of the global pandemic and consequent economic disruption, and the factors detailed in the Company’s ongoing filings with the securities regulatory authorities, available at Although the forward-looking statements contained herein are based on what we consider to be reasonable assumptions based on information currently available to us, there can be no assurance that actual events, performance or results will be consistent with these forward looking statements, and our assumptions may prove to be incorrect. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE SQI Diagnostics Inc.

Company Codes: OTC-QB:SQIDF, TorontoVE:SQD, OTC-BB:SQIDF
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