Stratagene's Q3 Revenue Slides 2 Percent as Invitrogen Damages Distend Losses | GenomeWeb
NEW YORK (GenomeWeb News) — Stratagene today said third-quarter revenues decreased 2 percent as an unfavorable court decision caused net losses to balloon 817 percent.
 
Total receipts for the three months ended Sept. 30 decreased to $23.2 million from $23.7 million year over year. The company blamed part of the slide on declining sales in its gene-discovery and cloning systems products.
 
R&D spending remained flat at around $2.8 million.
 

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