Skip to main content
Premium Trial:

Request an Annual Quote

Currency Translation Hits Orchid Cellmark's Top Line

NEW YORK (GenomeWeb News) – Orchid Cellmark today reported that its second-quarter revenues declined 3 percent year over year, but excluding the negative impact of currency translation its revenues were up 9 percent.

The Princeton, NJ-based DNA testing services firm brought in total revenues of $14.7 million for the three-month period ended June 30 compared to $15.2 million for the second quarter of 2008. It said that its UK revenues for the quarter rose 35 percent due to an increase in UK forensic casework. US revenues declined 11 percent, as an increase in forensic casework was offset by a significant decrease in the firm's CODIS business, which it believes is temporary.

Orchid Cellmark's net loss for the period was halved to $603,000, or $.02 per share, from $1.2 million, or $.04 per share.

The company's R&D spending for the quarter decreased slightly to $192,000 from $206,000, and its SG&A expenses fell 17 percent to $4.9 million from $5.9 million.

Orchid Cellmark finished the quarter with $16.6 million in cash and cash equivalents.

The Scan

International Team Proposes Checklist for Returning Genomic Research Results

Researchers in the European Journal of Human Genetics present a checklist to guide the return of genomic research results to study participants.

Study Presents New Insights Into How Cancer Cells Overcome Telomere Shortening

Researchers report in Nucleic Acids Research that ATRX-deficient cancer cells have increased activity of the alternative lengthening of telomeres pathway.

Researchers Link Telomere Length With Alzheimer's Disease

Within UK Biobank participants, longer leukocyte telomere length is associated with a reduced risk of dementia, according to a new study in PLOS One.

Nucleotide Base Detected on Near-Earth Asteroid

Among other intriguing compounds, researchers find the nucleotide uracil, a component of RNA sequences, in samples collected from the near-Earth asteroid Ryugu, as they report in Nature Communications.