Affymetrix Hits GAAP Profitability for FY 03 And Promises an Even Better Year in FY 04 | GenomeWeb

Affymetrix last week announced a record year financially, hitting GAAP profitability while recording $300 million in total revenues for the fiscal year ending on Dec. 31, and then saying that it expects FY ‘04 to be even better.

“2003 was a transformational year: In less than a decade after founding the company, we achieved record product and product-related revenue,” Steve Fodor, Affymetrix chairman and chief executive officer, said in last week’s conference call announcing the results. “We remain focused on growing the business and increasing profits.”

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