GeneNews' Q2 Revenues Down; Cuts Net Loss

Aug 11, 2010

NEW YORK (GenomeWeb News) – GeneNews today reported that its second-quarter revenues declined to C$19,044 (US$18,282) from C$113,244, as it cut its net loss.

The Toronto-based molecular diagnostics firm's revenues dropped sharply due to a C$96,744 milestone payment it received in 2009 that was not repeated for the most recently completed quarter.

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