Skip to main content
Premium Trial:

Request an Annual Quote

Molecular Devices Q4 Revenues Grow 43 Percent to $47.5M

NEW YORK, Feb. 11 (GenomeWeb News) - Molecular Devices yesterday reported total revenues of $47.5 million for the fourth quarter ending Dec. 31, a 43-percent improvement over $33 million in revenues that the company posted for same quarter last year.

 

The company reported a one-time restructuring charge of $1.2 million for the acquisition of Axon Instruments and had net income of $14.6 million, compared to $3 million a year ago.

 

Molecular Devices' R&D spending increased 52 percent to $7 million in the quarter from $4.6 million in Q4 2003.

 

The Sunnyvale, Calif.-based company reported cash and cash equivalents of $30 million on the quarter and a non-operating gain of $18.3 million from the sale of company in which it had an equity investment.

The Scan

Study Reveals New Details About Genetics of Major Cause of Female Infertility

Researchers in Nature Medicine conducted a whole-exome sequencing study of mote than a thousand patients with premature ovarian insufficiency.

Circulating Tumor DNA Shows Potential as Biomarker in Rare Childhood Cancer

A study in the Journal of Clinical Oncology has found that circulating tumor DNA levels in rhabdomyosarcoma may serve as a biomarker for prognosis.

Study Recommends Cancer Screening for Dogs Beginning Age Seven, Depending on Breed

PetDx researchers report in PLOS One that annual cancer screening for dogs should begin by age seven.

White-Tailed Deer Harbor SARS-CoV-2 Variants No Longer Infecting Humans, Study Finds

A new study in PNAS has found that white-tailed deer could act as a reservoir of SARS-CoV-2 variants no longer found among humans.