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Accelr8 Technology Corporation

Diagnostics company reports loss of $0.04 per share

Published in Healthcare Mergers, Acquisitions and Ventures Week, April 17th, 2004

Accelr8 Technology Corporation (AXK) reported a loss of $372,000, or $0.04 per share, on net revenues of $153,000 for the quarter ended Jan. 31, 2004.

In the comparable quarter of fiscal 2003, Accelr8, whose fiscal year ends July 31, reported a net loss of $281,000, or $0.03 per share, on net revenues of $202,000.

"During the quarter," said Thomas Geimer, Accelr8's chairman and chief executive officer, "we advanced our development of BACcelr8r, an analytical system that will integrate our three existing technologies - OptiChem, QuanDx, and YoDx - into a platform of measurement instruments and disposable analytical test chips for use in medical...

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