NEW YORK, May 5 (GenomeWeb News) - Caliper today said that total first-quarter revenues increased 9 percent as net loss declined 51 percent.
Total receipts for the three months ended March 31 increased to $18.4 million from $16.9 million in the similar period of 2004.
Spending on R&D fell to $3.9 million in the quarter from $6.2 million year over year.
Caliper said net loss for the quarter narrowed to $4.9 million, or $.16 per share, from $10 million, or $.35 per share, in the first quarter of 2004.
The company had around $9.9 million in cash and cash equivalents as of March 31.