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Accler8 s Q1 Revenues Down, Net Loss Up 3 Percent

NEW YORK, Dec. 16 (GenomeWeb News) - Accelr8 Technology today said that total revenue for its first fiscal quarter fell to $21,724 revenue from $22,284 in the year-ago period.

 

Accler8's said 90 percent of its net revenues in the quarter were from sales to Schott, with whom it closed a microarray slide surface chemistry licensing agreement on Dec. 6.

 

Net loss for the quarter ending Oct. 31, meantime, increased to $509,800 from $494,761 year over year, the Denver-based company reported today.

 

The company reported research and development expenses of $203,000 for the quarter, a 42-percent increase over the $143,000 reported for the same quarter last year.

 

Acceler8 reported cash and cash equivalents of $6.8 million on hand as of Oct. 31.

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