Lion posted revenues of €4 million ($4.81 million) in the quarter ended June 30, 2004, compared to revenues of €5.5 million for the first quarter of fiscal year 2003/2004. According to the bioinformatics firm, 53 percent of its first-quarter revenues were derived from collaborative projects with Bayer.
The company reduced its net loss for the quarter to €2.6 million ($3.13 million) from €4.5 million in the comparable period a year ago. Its costs and expenses for the quarter declined 32 percent to €6.3 million ($7.58 million).
Lion said it received three new orders for its SRS software and a new cheminformatics professional services order in