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Tripos Posts Strong Revenues, Growing Earnings for Q4 of 2004

NEW YORK, Feb. 22 (GenomeWeb News) - Tripos today reported a steep increase in revenues and earnings for the fourth quarter of 2004.

 

Revenues for the quarter totaled $17.3 million, up a third from $12.6 million during the same period a year ago. Most of the revenue growth during all of 2004 resulted from increases in discovery research products and services, the company said.

 

R&D costs decreased to $1.9 million, from $2.7 million during the fourth quarter of 2003.

 

Tripos had net earnings of $246,000, or $.03 per share for the quarter, an improvement over a net loss of $452,000, or $.05 per share, during the same quarter in 2003.

 

As of Dec. 31, Tripos had $4.2 million in cash and cash equivalents and $341,000 in marketable securities.

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