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Third Wave reports another loss, stronger sales

Madison, Wis. - Third Wave Technologies, Inc. reported a net loss of $4.7 million, or 11 cents a share, for the second quarter of 2006, but robust sales have prompted the company to revise year-end revenue projections upward in a key market.

Third Wave, which develops molecular diagnostic reagents for DNA and RNA analysis applications, reported that revenue rose by 15 p......

Full article >>> the second quarter, compared to $11.5 million for the same period of 2005. Third Wave's pro forma total operating expenses for the second quarter of 2005, including stock compensation costs, were $13.2 million.

For the first six months of 2006, total operating expenses were $24.4 million, compared to $23.1 million for the same period of 2005. The company's pro forma total operating expens......

Full article >>> tection of chlamydia and gonorrhea in 2007. Testing for HPV, chlamydia, and gonorrhea accounts for more than 20 percent of the molecular diagnostic testing market.

As a result, Third Wave has raised its projection on clinical molecular diagnostic revenue to $20-21 million for 2006.

Another new product is a next generation version of Invader. Based on the results of external evalu......

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Source:wistechnology.com By Joe Vanden Plas 07/25/06


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