Skip to main content
Premium Trial:

Request an Annual Quote

Affymetrix Reports Q4 Revenue Rise

SAN FRANCISCO, Jan. 29 - Affymetrix today reported increased revenue for the fourth quarter of 2002.


The company said its total revenue was $78.3 million in the fourth quarter which ended December 31, up from $65.1 million in the same quarter of 2001. Total revenue for the 2002 year was $289.9 million, compared to $224.9 million in 2001. A strong demand in the GeneChip probe array business drove much of the increase in product revenue, according to the company. Affymetrix said it shipped approximately 405,000 GeneChip arrays in 2002.


Affymetrix reported a net income of $2.9 million, or $.05 per share, in the fourth quarter 2002 compared to a net loss of $8.4 million, or $.15 per share, in the year-ago period. Total net loss for 2002 was $1.6 million, or $.03 per share, compared to a net loss of $33.1 million, or $.58 per share, in 2001.


R&D spending for the fourth quarter 2002 was $18.8 million compared to $15.8 million in the same period a year ago. Total R&D spending for 2002 was $69.5 million compared to $68.2 million in 2001.


Affymetrix also reported $293.6 million in cash and cash equivalents at the end of December 2002.


Click here for more information.


The Scan

Researchers Develop Polygenic Risk Scores for Dozens of Disease-Related Exposures

With genetic data from two large population cohorts and summary statistics from prior genome-wide association studies, researchers came up with 27 exposure polygenic risk scores in the American Journal of Human Genetics.

US Survey Data Suggests Ancestry Testing Leads Way in Awareness, Use of Genetic Testing Awareness

Although roughly three-quarters of surveyed individuals in a Genetics in Medicine study reported awareness of genetic testing, use of such tests was lower and varied with income, ancestry, and disease history.

Coral Genome Leads to Alternative Amino Acid Pathway Found in Other Non-Model Animals

An alternative cysteine biosynthesis pathway unearthed in the Acropora loripes genome subsequently turned up in sequences from non-mammalian, -nematode, or -arthropod animals, researchers report in Science Advances.

Mosquitos Genetically Modified to Prevent Malaria Spread

A gene drive approach could be used to render mosquitos unable to spread malaria, researchers report in Science Advances.