Wafergen Reports Eight-Fold Increase in Q3 Revenues as Net Loss Swells | GenomeWeb

WaferGen Biosystems reported today an approximately eight-fold increase in revenues, but said that net loss swelled by more than 70 percent in the third quarter of 2010, the first full quarter of commercial availability for the company's flagship real-time PCR system.

Revenue for the quarter ended Sept. 30 grew to $633,000 from $79,000 for Q3 2009. Meantime, revenue for the first nine months of 2010 grew to $1.5 million compared to $190,000 in the same three quarters last year.

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