Navigation Links
Sequenom Reports Fourth Quarter and Full Year 2010 Financial Results
Date:3/8/2011

SAN DIEGO, March 8, 2011 /PRNewswire/ -- Sequenom, Inc. (Nasdaq: SQNM) today reported its financial results for the fourth quarter and the year ended December 31, 2010.

(Logo:  http://photos.prnewswire.com/prnh/20040415/SQNMLOGO)

Fourth Quarter Results

  • Total revenue for the fourth quarter of 2010 grew 28% to $13.8 million, compared with $10.8 million for the fourth quarter of 2009. The increase in revenue compared to the same period last year was primarily due to higher system and consumables sales as well as the addition of increased diagnostic revenues from testing services.
  • Net loss for the fourth quarter of 2010 was $22.0 million, or $0.27 per share, compared with $18.4 million, or $0.30 per share, for the fourth quarter of 2009. Net loss includes a $6.5 million non-cash charge recognized for the revaluation of the company's litigation settlement to a fair value of $8.03 per share for the approximately 6.4 million shares that were issued to the class members in the consolidated federal securities class actions on December 31, 2010.

  • Gross margin for the fourth quarter of 2010 was 62% compared with 50% for the fourth quarter of 2009, reflecting improved margins and changes in the mix of products sold in the company's genetic analysis segment, as well as improved margins associated with increased test volumes within the diagnostics segment at the company's wholly-owned molecular diagnostics laboratory, Sequenom Center for Molecular Medicine (Sequenom CMM).

    Research and development (R&D) expenses were $10.5 million for the fourth quarter of 2010, compared with $10.0 million for the same period in the prior year. The increase was primarily due to Sequenom CMM's assay development and the company's clinical sample acquisition costs associated with its triso
    '/>"/>

    SOURCE Sequenom, Inc.
    Copyright©2010 PR Newswire.
    All rights reserved

    Page: 1 2 3 4 5 6 7 8 9

    Related medicine technology :

    1. University of Michigan Study Shows SEQUENOMs MassARRAY Technology Identifies HPV Infections Missed by Standard Hybridization Test
    2. Sequenom Announces Paul Maier to Become Interim Chief Financial Officer
    3. Sequenom Announces Addition to Clinical Advisory Board
    4. Sequenom Announces Settlement Agreement In Shareholder Class Action Lawsuit
    5. Sequenom Announces Launch of SensiGene Fetal(XY) (Fetal Sex Determination) Test
    6. Sequenom Reports 2009 Fourth Quarter and Full Year Financial Results
    7. Sequenom Announces Final Approval of Settlement in Class Action Securities Lawsuit
    8. Sequenom to Present at the Jefferies 2010 Global Life Sciences Conference
    9. Sequenom Announces Date of Second Quarter 2010 Financial Results and Conference Call
    10. Sequenom to Present at Two Financial Conferences in November
    11. Sequenom CMM Commences Pivotal Clinical Validation Study for Its SensiGene Trisomy 21 Laboratory Developed Test
    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:7/25/2014)...  CVS Caremark Corporation (NYSE: CVS ) ... 5, 2014, at 8:30 a.m. (EDT) with analysts and ... An audio webcast of the conference call ... of the CVS Caremark website for all interested parties.  ... webcast will be archived and available on the web ...
    (Date:7/25/2014)... MARLTON, N.J. , July 25, 2014 /PRNewswire/ ... visibility, brand protection and serialization solutions, has recently ... Business" that addresses current and future needs ... solutions for the old supply chain model no ... advances in technology, including the growth of mobile ...
    (Date:7/25/2014)... July 25, 2014 Research and Markets ... Ophthalmic Diagnostic Devices Market 2014-2018" report to their ... About Ophthalmic Diagnostic Device An ... identify a defect or deficiency in the human visual ... disorders such as presbyopia, cataracts, glaucoma, retinal disorders, conjunctivitis, ...
    Breaking Medicine Technology:Acsis Addresses Questions on the Modern Supply Chain 2Global Ophthalmic Diagnostic Devices Market 2014-2018: Key Vendors are Alcon, Carl Zeiss, Haag-Streit and Topcon 2
    ... 9, 2011 Rigel Pharmaceuticals, Inc. (Nasdaq: ... company,s chairman and chief executive officer, is scheduled to ... next week. Details of the events are as follows:Tuesday, ... & Investor ConferencePanel Topic:  "Rheumatoid Arthritis: the Real Joint ...
    ... YORK, Feb. 9, 2011 Reportlinker.com announces that ... its catalogue: Adalimumab - ... http://www.reportlinker.com/p0366162/Adalimumab---Comprehensive-patent-search.html Eliminate unnecessary risk with ... Pipeline Developer is a regularly updated, professional ...
    Cached Medicine Technology:Rigel Announces Participation at Two Investor Conferences 2Reportlinker Adds Adalimumab - Comprehensive Patent Search 2Reportlinker Adds Adalimumab - Comprehensive Patent Search 3Reportlinker Adds Adalimumab - Comprehensive Patent Search 4
    (Date:7/25/2014)... As reported by People Magazine in the article ... and Getting Sober (7/15), one of the most popular ... out to the public about his personal transformation. Now, two ... admits that moving on with his life was a challenge. ... drugs in 2012 and even spent some time in rehab. ...
    (Date:7/25/2014)... San Diego, CA (PRWEB) July 25, 2014 ... regarding all the latest information from the FDA on ... on July 21, that one lot of Ibuprofen and one ... recalled due to mislabeled packaging. Oxcarbazepine is used ... with epilepsy. , The reason for the recall ...
    (Date:7/25/2014)... 25, 2014 Parker Waichman LLP, a ... consumers comments on a recent tobacco lawsuit in which ... $23.6 billion in punitive damages. Cynthia Robinson brought the ... The case is Cynthia Robinson v. R.J. Reynolds Tobacco ... First Circuit Court, Escambia County, Florida; Case Number 2008 ...
    (Date:7/25/2014)... 2014 Drexel University College of Medicine ... MS, FACP, has been appointed vice dean for education, effective ... from The Commonwealth Medical College, where she is currently chair ... affairs, and professor of medicine. , As a member ... Weber had a major role in many aspects of the ...
    (Date:7/25/2014)... vulnerable neurons and reduce motor deficits in a ... University School of Medicine have shown. , The ... Parkinson,s Disease . , The findings demonstrate that ... at sufficient levels and have beneficial effects when ... Previous studies of XPro1595 in animals tested more ...
    Breaking Medicine News(10 mins):Health News:'The Situation' Celebrates 8 Months of Sobriety 2Health News:'The Situation' Celebrates 8 Months of Sobriety 3Health News:Ibuprofen and Oxcarbazepine Tablets Recalled: AttorneyOne Monitors and Keep Consumers Informed 2Health News:A Florida Jury Awards Widow More Than $23 Billion in Punitive Damages in a Lawsuit Brought Against Tobacco Maker, R.J. Reynolds, Parker Waichman LLP Comments 2Health News:A Florida Jury Awards Widow More Than $23 Billion in Punitive Damages in a Lawsuit Brought Against Tobacco Maker, R.J. Reynolds, Parker Waichman LLP Comments 3Health News:Valerie D. Weber, MD, Appointed Vice Dean for Education at Drexel University College of Medicine 2Health News:Valerie D. Weber, MD, Appointed Vice Dean for Education at Drexel University College of Medicine 3Health News:Anti-inflammatory drug can prevent neuron loss in Parkinson's model 2
    ... PLAINS, N.Y., Oct. 11 "Every Baby Has,a Story," a ... as well as those who need help to survive and ... "This storytelling project lets proud parents all over the country ... said Dr. Jennifer L.,Howse, president of the March of Dimes. ...
    ... TORONTO, Oct. 10 /PRNewswire/ - CBM President Professor ... for the World Health,Organizations global initiative to eliminate ... the eve of World Sight Day 2007 at ... their longstanding 20 year partnership and,support, both financially ...
    ... Urges Passage of Plan to Give Access to Affordable ... one week after Cover,All Pennsylvanians, the centerpiece of his ... G. Rendell today held a,town meeting in Erie as ... tour will highlight the need to lower health care ...
    ... Ganz, President and Chief,Executive Officer of Regence, has been ... health policy experts convened by The Aspen Institute.,The organization ... the,national dialogue on health care reform leading up to ... Stewardship Project will expand the health care debate,to the ...
    ... who are given drugs in addition to lumpectomies or radiotherapy, ... drugs. This is especially true if their tumors respond to ... published in the online journal, Breast Cancer Research. , "Developing ... terms of survival," explained lead researcher Dr J van der ...
    ... urges Congress to,pass legislation this year to ... WASHINGTON, Oct. 10 The Health IT ... and former,Representative Nancy Johnson, today applauded Representatives ... that will bring health,information technology to all ...
    Cached Medicine News:Health News:'Every Baby Has a Story' Campaign Tours the Nation for March of Dimes 2Health News:World Health Organization thanks CBM For their outstanding work 2Health News:Governor Rendell Launches 'Tour to Insure' In Erie; 2Health News:Governor Rendell Launches 'Tour to Insure' In Erie; 3Health News:Regence CEO to Chair National Effort Promoting Broader Health Care Stewardship 2Health News:Regence CEO to Chair National Effort Promoting Broader Health Care Stewardship 3Health News:Cancer conflict with chemotherapy treatment 2Health News:Health IT Now! Coalition Applauds Representatives Eshoo and Rogers for Introducing Health IT Legislation 2
    ... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
    ... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...
    ... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
    ... a national reference laboratory and a worldwide ... ARUP offers an extensive test menu of ... clinical and anatomic pathology. Owned by the ... more than half of the nation's university ...
    Medicine Products: