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Third Wave s Revenues, Net Loss Up in Q4

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.

 

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