Genomics One Reports Lower Revenues, Higher Net Loss for 2004 | GenomeWeb

NEW YORK, Feb. 21 (GenomeWeb News) - Genomics One reported last week an increased net loss in 2004 amid declining revenues.

According to the Quebec-based genomics products research firm, its sales for the year were down 11.7 percent to $328,426 from 2003. Genomics One attributed the drop to the weakening US dollar, which allowed American competitors to sell their products in Canada at reduced prices. As a result, Genomics One said it had to reduce the prices on its products to remain competitive.

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