Skip to main content
Premium Trial:

Request an Annual Quote

Cepheid Posts Increased Revenue, Widened Loss in Q4

NEW YORK, Feb. 5 - Cepheid on Tuesday posted increased revenues and a significantly widened loss for the fourth quarter 2001.


For the three months ended Dec. 31, the company reported revenues of $3.2 million, compared with $2.6 million in the same period one year ago. Cepheid said the increase was due to a jump in sales of its Smart Cycler DNA analysis systems: the company said it sold $2.9 million of the units in the fourth quarter of 2001 compared with $1.8 million in the year-ago period.


Cepheid also said that net losses widened to $4.2 million, or $.16 a share in the fourth quarter of 2001, compared with $3.2 million, or $.12 a share one year ago. R&D spending increased roughly $470,000 year-over-year to nearly $4 million.


Cepheid said it has roughly $25.3 million in the bank and plans to burn an average of $1.5 million a month during the new year.


Its outlook for the first three months of 2002 calls for product sales to remain flat at between $2.5 million and $2.9 million, and for its per-share net loss to grow to between $.19 and $.20.


Shares in the Sunnyvale, Calif.-based company dipped $.16, or nearly 5 percent, to close at $3.06 in Nasdaq trading on Tuesday.

The Scan

More Boosters for US

Following US Food and Drug Administration authorization, the Centers for Disease Control and Prevention has endorsed booster doses of the Moderna and Johnson & Johnson SARS-CoV-2 vaccines, the Washington Post writes.

From a Pig

A genetically modified pig kidney was transplanted into a human without triggering an immune response, Reuters reports.

For Privacy's Sake

Wired reports that more US states are passing genetic privacy laws.

Science Paper on How Poaching Drove Evolution in African Elephants

In Science this week: poaching has led to the rapid evolution of tuskless African elephants.