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Bruker s Q3 Receipts Grow 6.3 Percent as Firm Posts Profit; Daltonics, AXS Post Revenue Gains

NEW YORK, Nov. 3 (GenomeWeb News) - Bruker BioSciences yesterday posted a profit in the third quarter as revenues increased 6.3 percent and R&D spending fell slightly.

 

Total receipts for the three months ended Sept. 30 increased to $70.7 million from $66.5 million year over year.   Revenue from products increased 4.4 percent to $61 million in the quarter, service receipts improved 1.7 percent in the quarter to $8.7 million, and other revenues jumped 46 percent to $928,000, the company said.

 

Bruker said that third quarter revenues from its Daltonics division jumped 7.8 percent year over year to $36.9 million, while receipts for its AXS business increased 4.9 percent to $33.9 million.

 

Third-quarter R&D spending declined to just under $10 million from $10.8 million in the year-ago period.

 

Bruker also posted a net profit of $1 million, or $.01 per share, from a net loss of $3 million, or $.03 per share, in last year's third quarter.

 

Bruker said it had around $95.3 million in cash and short-term investments as of Sept. 30.

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