Business & Finance

Clarient reports 2006 third quarter results

Published in Genetics and Environmental Business Week, November 23rd, 2006

Clarient, Inc. (CLRT), a technology and services resource for pathologists, oncologists and the pharmaceutical industry, announced financial results for its third quarter 2006.

Total net revenue was $9.1 million for the quarter ended September 30, 2006, an increase of 86% compared to $4.9 million for the prior year's third quarter net revenue. This represents the fourth sequential quarter of double-digit revenue growth for the company.

Commenting on the third quarter results, Ron Andrews, Clarient's president and CEO, said, "Our third quarter results reflect the continued strong momentum of our new business strategy. We are consistently focused on...

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Source: Genetics and Environmental Business Week (2006-11-23)

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