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Acceler8 Reports Big Revenue Jump in Q2 2005

NEW YORK, March 17 (GenomeWeb News) - Acceler8's second-quarter fiscal 2005 net revenues jumped 654 percent to $241,946, from $36,968 in the same quarter in the previous year, the company said today.

 

The company's net loss narrowed from $474,341, or $.04 per share, in the second quarter of 2005 to $359,527, or $.03 per share, the company said.

 

"We expect to have the first research version [of Acceler8's Baccelr8r bacterial analyzer and monitoring system] early in calendar 2006," said David Howson, Accelr8 president.

 

Accelr8 did not break out its R&D spend or its cash on hand in its statement.

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