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Bruker Reports Increased Revenues in Q1, Sells More Hybrid-FTMS Instruments

Bruker Daltonics of Billerica, Mass., reported revenues of $34.1 million for the first quarter of 2003, up from $25.7 million the year before.

The company recorded a net loss of $1.1 million ($0.02 per diluted share) for the quarter, compared with a net income of $900,000 ($0.02 per diluted share) during the same period last year. This loss is due to approximately $1.9 million in costs related to the company’s expected merger with Bruker AXS.

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