Skip to main content
Premium Trial:

Request an Annual Quote

Cepheid Posts Decreased Revenue, Widened Loss in Q1

SAN FRANCISCO, April 23 - Cepheid on Tuesday posted decreased revenues and a widened loss for the first quarter 2002.


For the three months ended March 31, the company reported revenues of $2.4 million, compared with $3.3 million in the same period one year ago. Cepheid said the decrease was due to the loss of $1 million in government contracts.


U.S. product sales rose 49 percent while sales in Europeand the Far Eastdecreased by 62 percent.


"We are moving aggressively to strengthen our European distribution capability in view of the continued weakness in European sales seen in the first quarter," Thomas Gutshall, Cepheid's chairman, said in a statement.


Cepheid also said that net losses widened to $4.9 million, or $.19 a share in the first quarter of 2002, compared with $3.2 million, or $.12 a share one year ago. R&D spending increased roughly $300,000 year-over-year to approximately $4 million.


Cepheid said it has roughly $20.9 million in the bank and plans to burn an average of $1.5 million a month during 2002.


Last week, the company named John Bishop its new CEO.

The Scan

Genes Linked to White-Tailed Jackrabbits' Winter Coat Color Change

Climate change, the researchers noted in Science, may lead to camouflage mismatch and increase predation of white-tailed jackrabbits.

Adenine Base Editor Targets SCID Mutation in New Study

Researchers from the University of California, Los Angeles, report in Cell that adenine base editing was able to produce functional T lymphocytes in a model of severe combined immune deficiency.

Researchers Find Gene Affecting Alkaline Sensitivity in Plants

Researchers from the Chinese Academy of Science have found a locus affecting alkaline-salinity sensitivity, which could aid in efforts to improve crop productivity, as they report in Science.

International Team Proposes Checklist for Returning Genomic Research Results

Researchers in the European Journal of Human Genetics present a checklist to guide the return of genomic research results to study participants.