CombiMatrix Says Q3 Revenue Inches Up 2 Percent as Net Loss Widens 11 Percent | GenomeWeb
NEW YORK (GenomeWeb News) — CombiMatrix today said that third-quarter revenue increased 2 percent as net loss widened 11 percent.
 
Total receipts for the three months ended Sept. 30 rose to $1.8 million from $1.5 million during the same period last year. Most of the revenue growth was from sales of the company’s array equipment and services, which more than doubled to $1.1 million. Government contracts contributed $725 thousand
 
R&D spending increased 87 percent to $2.8 million.

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