Skip to main content
Premium Trial:

Request an Annual Quote

Luminex Posts Increased Revenues, Narrowed Losses in Q2

NEW YORK, July 21 (GenomeWeb News) - Luminex said today that revenues for the second quarter of 2004 rose to $9.2 million from $5.6 million for the same period in 2003.

 

Meanwhile, net loss for the company in the second quarter dipped slightly to $1.1 million from $1.9 million in Q2 of 2003.

 

The company said that Q2 revenues consisted of $5.3 million from sales of 218 Luminex systems and $2.1 million from the sales of consumables. Year-to-date revenues have nearly doubled over last year, rising to $18.5 million in 2004 from $10.7 million for the corresponding period in 2003.

 

Luminex spent $987,000 on R&D in the second quarter of 2004 as compared to $881,000 for Q2 of 2003. As of June 30, the company had cash and cash equivalents on hand of $54 million.

 

The Scan

Genetic Risk Factors for Hypertension Can Help Identify Those at Risk for Cardiovascular Disease

Genetically predicted high blood pressure risk is also associated with increased cardiovascular disease risk, a new JAMA Cardiology study says.

Circulating Tumor DNA Linked to Post-Treatment Relapse in Breast Cancer

Post-treatment detection of circulating tumor DNA may identify breast cancer patients who are more likely to relapse, a new JCO Precision Oncology study finds.

Genetics Influence Level of Depression Tied to Trauma Exposure, Study Finds

Researchers examine the interplay of trauma, genetics, and major depressive disorder in JAMA Psychiatry.

UCLA Team Reports Cost-Effective Liquid Biopsy Approach for Cancer Detection

The researchers report in Nature Communications that their liquid biopsy approach has high specificity in detecting all- and early-stage cancers.