Gene Logic Posts Mild Q3 Revenue Increase; Services Unit Weak

Gene Logic reported a modest increase in third-quarter revenue atop smaller R&D expenditures and a widened net loss.

Total revenue for the period ended Sept. 30 grew to $17.7 million from $14.2 million in the year-ago quarter. However, had it not been for $5.5 million in receipts from contract study services, Gene Logic would have posted a $2 million year-over-year decline in revenue from its information-services business.

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