Skip to main content
Premium Trial:

Request an Annual Quote

Lumera's Q2 Revenues Rise 40 Percent on Govt. Contracts

 
NEW YORK (GenomeWeb News) — Lumera yesterday said second-quarter revenues grew 40 percent as R&D spending fell 13 percent and net loss grew 3 percent.
 
Total receipts for the three months ended June 30 increased to $934,000 from $665,000 year over year.
 
Nearly all of the company’s revenue came from US government service contracts, Lumera said. Much of the gain in revenue was due to a contract with the Defense Advanced Research Projects Agency to develop electro-optic polymer modulators. Electro-optic product sales contributed $6,000 over the quarter.
 
Lumera did not break out revenues for its bioscience business, which it recently restructured into a wholly owned subsidiary called Plexera Biosciences.
 
R&D spending dipped to $1.4 million from $1.6 million in the year-ago period.
 
Lumera said net loss rose to $3.3 million from $3.2 million in the year-ago period. 
 
Lumera said it had around $2.9 million in cash and cash equivalents as of June 30.

The Scan

Interfering With Invasive Mussels

The Chicago Tribune reports that researchers are studying whether RNA interference- or CRISPR-based approaches can combat invasive freshwater mussels.

Participation Analysis

A new study finds that women tend to participate less at scientific meetings but that some changes can lead to increased involvement, the Guardian reports.

Right Whales' Decline

A research study plans to use genetic analysis to gain insight into population decline among North American right whales, according to CBC.

Science Papers Tie Rare Mutations to Short Stature, Immunodeficiency; Present Single-Cell Transcriptomics Map

In Science this week: pair of mutations in one gene uncovered in brothers with short stature and immunodeficiency, and more.