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Illumina Reports Q4 Revenue Increase

SAN FRANCISCO, Jan. 28 - Illumina today reported increased revenue for the fourth quarter of 2002.


The company said its total revenue was $3.9 million in the fourth quarter which ended December 29, up from $800,000 in the same quarter of 2001. Total revenue for the 2002 year was $10 million, compared to $2.5 million in 2001, according to the company.


Illumina reported a net loss of $7.6 million, or $.24 per share, in the fourth quarter 2002 compared to a net loss of $8.2 million, or $.27 per share, in the year-ago period. Total net loss for 2002 was $40.3 million, or $1.31 per share, compared to a net loss of $24.8 million, or $.83 per share, in 2001.


R&D spending for the fourth quarter 2002 was $6.3 million compared to $6.1 million in the same period a year ago. Total R&D spending for 2002 was $26.8 million compared to $20.7 million in 2001.


Illumina also reported $66.3 million in cash and investments at the end of December 2002.


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