Advanced Magnetics shows Q3 loss

MRI contrast developer Advanced Magnetics said that while revenues rose for the 2006 fiscal third quarter, net losses doubled.

For the period (end-June 30), the Cambridge, MA-based firm booked revenues of $944,000, more than doubling its sales compared with revenues of $403,000 reported for the same period in fiscal 2005.

The company recorded a net loss of $6.7 million for the quarter, compared with a net loss of $3.3 million for the same period last year.

By AuntMinnie.com staff writers
July 20, 2006

Related Reading

Advanced Magnetics moves to Nasdaq, June 15, 2006

Advanced Magnetics taps Wolf, April 24, 2006

Advanced Magnetics posts Q2 increase in losses, April 20, 2006

Advanced Magnetics raises $32 million, March 8, 2006

Advanced Magnetics to defend Cytogen suit, January 30, 2006

Copyright © 2006 AuntMinnie.com

Page 1 of 607
Next Page