Orchid Posts Broader Revenue and Widened Loss in Q4; Two Units Eye Black | GenomeWeb

NEW YORK, Feb. 28 - Orchid BioSciences on Thursday reported a 112 percent jump in fourth-quarter revenue as a significant increase in total expenses fueled a widened net loss.

For the period ended Dec. 31, Orchid reported total revenue of $11.4 million compared with $5.4 million one year ago, an increase the company pinned on increased sales of its SNPware and MegaSNPatron tools, and from its DNA identity-testing services and license fees.

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