NEW YORK, Nov. 5-Bruker Daltonics yesterday posted strong income and powerful revenue growth for the third quarter of 2002
The company reported a net income of $1.7 million or 3 cents per diluted share for the three months ended September 30, 2002. The figure is up sharply from the third quarter of 2001, when Bruker reported net income of $925,000 or 2 cents per diluted share.
Net revenues for the period were $29.7 million, up 25 percent from the $23.8 million that the company posted in the third quarter of 2001. Revenues exceeded consensus estimates.
Bruker's R&D spending was $5.1 million for the quarter, up from $4.8 million in Q3 of 2001.
The company held cash and short-term investments of $49.6 million as of September 30, 2002.
For further details, see the company statement.