NEW YORK (GenomeWeb News) – Transgenomic today said that total revenue declined 10 percent in the second quarter and net loss narrowed 62 percent.
Receipts for the second quarter ended June 30 slid to $6.2 million from $6.9 million in the same quarter last year.
The company spent about $531,000 on R&D in the second quarter, down 9 percent from $581,000 in the comparable period last year.
Transgenomic said net loss shrank to $383,000 from $998,000 in Q2 2005.

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