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Ciphergen s Revenues Down, Losses Narrowed During Q2

NEW YORK, July 30 (GenomeWeb News) - Ciphergen Biosystems yesterday reported sliding revenues and narrowed losses for the second quarter.


The company booked $10.8 million in revenues for the quarter, down from $14.3 million during the same quarter in 2003.


R&D costs decreased to $6 million, from $7 million during the same quarter last year.


The company's net loss amounted to $13.1 million, down from $15.6 million during the second quarter a year ago. Last year's net loss included a $7.3 million non-recurring litigation settlement.


As of June 30, Ciphergen had $29.8 million in cash, cash equivalents and investments in securities.

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