Lynx Reports Sharp Decline in Revenue; Merger Completion Expected in Q1 05 | GenomeWeb

Lynx Therapeutics this week posted an 81-percent decline in third-quarter revenue and a net loss for the period, as the firm pushed back the expected completion date of its merger with Solexa to the first quarter of 2005.

Lynx reported revenue of $1.6 million for the quarter ended Sept. 30, down from reported revenue of $8.3 million in the third quarter of 2003.

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