Luminex Q1 Revenues Meet Reduced Expectations | GenomeWeb

NEW YORK, April 24 -  Microbead maker Luminex on Tuesday reported revenues of $3.9 million in the first quarter of 2001, up from $1.4 million in the year-ago quarter and in-line with its recently reduced forecast.

Last week the company slashed its revenue expectations for the first quarter of 2001, citing its partners’ delays in commercializing bioassay kits based on its technology. The company had initially forecasted that its first-quarter revenues would total $4.2 million to $4.9 million.

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