NEW YORK (GenomeWeb News) – Luminex today said total second-quarter revenues increased 25 percent as a net loss turned into a profit.
Receipts for the three months ended June 30 increased to $13 million from $10.7 million year over year. The company said it generated $5.8 million from the sale of 205 Luminex Systems in the period.
R&D costs increased 20 percent to $1.8 million from $1.5 million from the comparable quarter a year ago.
Luminex also reported a net income of $271,000 for the second quarter compared to a net loss of $363,000 last year.
Luminex had $24 million in cash and cash equivalents as of June 30.