By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – The NextGen Group today said that revenues for the first half of the year increased 34 percent, leading to a decline in its net loss.

For the six months ending June 30, the company recorded $948,279 in revenues, up from $708,831 a year ago. Its net loss for the period improved to $1.6 million, or $.0002 per share, from $1.7 million, or $.0004 per share, from the first half of 2010.

NextGen ended the half-year with $28,533 in cash and cash equivalents.

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