NEW YORK, Feb. 24 (GenomeWeb News) - Third Wave Technologies today reported increased revenues as well as losses for the fourth quarter of 2003.
Revenues totaled $9.7 million, up from $7.6 million during the same period a year ago.
R&D expenses for the quarter were $3.8 million, slightly up from $3.3 million during the year-ago period.
Third Wave recorded a net loss of $1.6 million, or $.04 per share, for the quarter, compared to $.5 million, or $.01 per share, during the same period in 2002.
As of Dec. 31, the company had cash, cash equivalents, and short-term investments of $57.8 million.