Luminex Revenues Rise In Second Quarter
Luminex, the Austin, Texas-based manufacturer of the xMAP bioassay platform, reported a 70 percent second-quarter gain in revenues year-over-year. The firm reported revenues of $9.2 million compared with $5.6 million in the second quarter of 2003.
However, its Q2 revenues were virtually flat with its first-quarter revenues of $9.3 million. In response, the firm’s shares dropped nine percent the day after it released its results (which came after the close of the market).