|
|
Article: Drug delivery firm reports 79% increase in revenues.
- Article from:
- Biotech Week
- Article date:
- August 27, 2003
CopyrightCOPYRIGHT 2003 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
2003 AUG 27 - (NewsRx.com & NewsRx.net) -- Cima Labs, Inc., (CIMA) reported record results for the second quarter ended June 30, 2003.
Highlights include the following:
1) Revenues increased 79% year-over-year to $18.3 million, from $10.2 million in the second quarter of 2002, and rose 10%sequentially from $16.7 million in the first quarter of 2003.
2) Operating income was $4.2 million (23.2% of revenue), a 117%increase from the second quarter of 2002. In addition, CIMA's operating income increased 10% sequentially from $3.9 million(23.2% of revenues) in the first quarter of 2003, despite higher-than-anticipated legal costs associated with a ...