Skip to main content
Premium Trial:

Request an Annual Quote

Gene Logic Posts Revenue Surge in Q4; Net Loss Widens Slightly

NEW YORK, Feb. 19 - Gene Logic on Tuesday posted swelling revenue and a  slightly widened net loss in the fourth quarter.


For the period ended Dec. 31, total revenue jumped 49 percent to $14 million from $9 million one year ago, the company said. The increase was attributed to new customers for its GeneExpress product line and expanded existing subscriptions.


Gene Logic also posted a slight increase in R&D, to $14 million in the current fourth quarter from $13 million in the year-ago period.


Fourth quarter net loss widened moderately to $6.0 million, or $.22 per share, from $5.4 million, or $.21 per share, year over year. Gene Logic said that falling interest rates in the quarter caused a decline of $2.4 million, or $.09 per share, contributed to the net loss.


Gene Logic, of Gaithersburg, Md., said it had close to $200 million in cash and cash equivalents as of Dec. 31.

The Scan

Purnell Choppin Dies

Purnell Choppin, a virologist who led the Howard Hughes Medical Institute, has died at 91, according to the Washington Post.

Effectiveness May Decline, Data From Israel Suggests

The New York Times reports that new Israeli data suggests a decline in Pfizer-BioNTech SARS-CoV-2 vaccine effectiveness against Delta variant infection, though protection against severe disease remains high.

To See Future Risk

Slate looks into the use of polygenic risk scores in embryo screening.

PLOS Papers on Methicillin-Resistant Staphylococcus, Bone Marrow Smear Sequencing, More

In PLOS this week: genomic analysis of methicillin-resistant Staphylococcus pseudintermedius, archived bone marrow sequencing, and more.