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Article: Nanogen Reports 2003 Second Quarter Results.
- Article from:
- PR Newswire
- Article date:
- July 31, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. 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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Nanogen, Inc. today announced its financial results for the second quarter ended June 30, 2003.
Total revenues for the second quarter of 2003 were $1.7 million, an increase of 41% over the $1.2 million recorded in the first quarter of 2003 and 13% lower than the second quarter of the prior year. Product revenues for the second quarter of 2003 were $662,000, more than double the $228,000 recorded in the first quarter of 2003 and 40% lower than the second quarter of 2002. During the quarter, there were six commercial transactions for the NanoChip(R) Molecular Biology Workstation compared to three in the first quarter. Of the six transactions, four were ...