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Article: CIMA LABS Announces Third-Quarter 2003 Financial Results; Product Sales More Than Double, Royalties Up 76 Percent Year-Over-Year.
- Article from:
- Business Wire
- Article date:
- October 30, 2003
CopyrightCOPYRIGHT 2003 Business Wire. 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)
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Business Editors
EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--Oct. 30, 2003
CIMA LABS INC. (NASDAQ: CIMA) today reported financial results for the third quarter ended September 30, 2003.
-- Revenues increased 62% to $20.3 million from $12.5 million in
the third quarter of 2002, and grew sequentially from $18.3
million in the second quarter of 2003.
-- GAAP operating income was $930,000 (4.6% of revenues),