Monogram Biosciences' Q1 Revenues Decline 4 Percent | GenomeWeb

NEW YORK (GenomeWeb News) – Monogram Biosciences reported after the close of the market on Wednesday that its first-quarter revenues fell 4 percent on lower product revenue and its net loss surged on a convertible debt valuation adjustment.

The South San Francisco, Calif.-based pharmacogenomics test maker brought in total revenues of $14.2 million for the three-month period ended March 31, compared to revenues of $14.8 million for the first quarter of 2008. Its product revenue fell to $13.6 million from $14 million, and its contract revenue slipped to $605,000 from $820,000.

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