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Molecular Devices Reports $29.3M in Revenues

NEW YORK, Oct. 15 (GenomeWeb News) - Molecular Devices of Sunnyvale, Calif., yesterday reported revenues of $29.3 million for the third quarter ending Sept. 30, compared to $26 million for the same period in 2002.


The company had net income of $2.3 million for the period, compared to $1.8 million for the year-ago quarter, while spending $4.65 million on research and development, compared to $4.61 million for the same period in 2002.


The firm reported $102 million in total assets, including $42 million in cash and cash equivalents for the quarter, compared to $105 million in total assets and $44 million in cash and cash eqivalents for the same period a year ago.


In a statement, the firm said it expects revenues of $32 million to $34 million for the fourth quarter, and $114 million to $116 million for the year.

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