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Bruker Q2 Revenues Up Slightly, Losses Widen

Aug 03, 2004

NEW YORK, Aug. 3, (GenomeWeb News) - Bruker Biosciences today reported increased revenues for the second quarter, amid widened net losses.

 

The Billerica, Mass., company reported $64.1 million in revenues for the quarter ended June 30, compared to $60.9 million for the comparable period last year. Losses totaled $4.7 million, or .05 per share, up from $1.6 million, or .02 per share, for the year-ago quarter.

 

The company warned of lower-than expected revenues for the quarter July 15.

 

R& D expenses increased to $10.9 million, compared to $9.7 million for the second quarter of 2003.

 

As of June 30, the company had $79.2 millon in cash and short-term investments, compared to $76.8 million as of December 31, 2003.

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