Contrast agent developer Advanced Magnetics reported revenues of $1.1 million in its fiscal third quarter (end-June 30), compared with revenues of $1.4 million posted for the same period in 2001. For the quarter, the Cambridge, MA-based firm had a net loss of $125,554, compared with a net profit of $703,981 last year.
Revenues for the company’s first three quarters were $4.6 million, compared to revenues of $4.2 million for the same period in fiscal 2001. Net income for the nine-month period was $671,375 compared to a net profit of $719,415 for the same period in fiscal 2001.
By AuntMinnie.com staff writersJuly 23, 2002
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