Finance

Nanogen reports 2006 third quarter financial results

Published in Physician Law Weekly, November 29th, 2006

Nanogen, Inc. (NGEN) reported its unaudited financial results for the quarter with total revenues more than doubled to $7.5 million from $3.2 million in the same period in 2005, and increased by 19% or $1.2 million from the $6.3 million recorded in the second quarter of 2006.

Product revenues for the third quarter of 2006 were $4.7 million, which represents an increase of more than four-fold from $1.1 million for the third quarter of 2005 and an increase of approximately 18% as compared to $4.0 million for the second quarter of 2006.

Costs and expenses, including cost of sales, increased by $6.9 million from $12.2 million in the third quarter of...

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Source: Physician Law Weekly (2006-11-29)

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