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Orchid s Revenues Gain 5.3 Percent in Q2 as Loss Narrows

NEW YORK, July 28 (GenomeWeb News) - Orchid Cellmark today reported increased revenues and narrowed losses for the second quarter of 2005.

 

The company had $15.8 million in revenues, up 5.3 percent from $15 million for the second quarter of 2004.

 

Research and development costs stayed flat, at $417,000, compared to $454,000 during last year's second quarter.

 

Orchid's net loss totaled $1.8 million, or $.07 per share, down from $2.1 million, or $.10 per share, for the year-ago period.

 

As of June 30, Orchid had $12.7 million in cash and cash equivalents, and $14.7 million in short-term investments.

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