Skip to main content
Premium Trial:

Request an Annual Quote

Orchid BioSciences Reports 29-Percent Jump in Q4 Revenue; R&D, Profit Increase

This update serves to correct three errors: Orchid generated $13.7 million in total revenue during the fourth quarter of 2003, not $12.6 million, as was reported. Additionally, Orchid's net earnings per share during the fourth quarter 2004 was $.03, not $.04, as was reported; and the company posted a net loss of $7.3 million during the fourth quarter of 2003, as opposed to $7.2 million, as was reported.

NEW YORK, March 10 (GenomeWeb News) - Orchid BioSciences recorded a 29-percent increase in fourth-quarter revenues, the company said today.


The Princeton, NJ-firm said total revenues for the three-month period ended Dec. 31, 2004, increased to $17.6 million from $13.7 million for the year ago period. Orchid said the increase came from a jump in forensics testing from its new private human identification and family-relationship testing services.


R&D spending for the quarter increased to $335,00 from $209,000 year over year, Orchid said.


Orchid also said it posted a net income of $668,000, or $.03 per share, compared to a net loss of $7.3 million, or $.46, in the fourth quarter of 2003.


The company reported cash, cash equivalents, and short-term investments of $30.5 million on hand as of Dec. 31.

The Scan

New Study Highlights Role of Genetics in ADHD

Researchers report in Nature Genetics on differences in genetic architecture between ADHD affecting children versus ADHD that persists into adulthood or is diagnosed in adults.

Study Highlights Pitfall of Large Gene Panels in Clinical Genomic Analysis

An analysis in Genetics in Medicine finds that as gene panels get larger, there is an increased chance of uncovering benign candidate variants.

Single-Cell Atlas of Drosophila Embryogenesis

A new paper in Science presents a single-cell atlas of fruit fly embryonic development over time.

Phage Cocktail Holds Promise for IBD

Researchers uncovered a combination phage therapy that targets Klebsiella pneumonia strains among individuals experiencing inflammatory bowel disease flare ups, as they report in Cell.