MRI contrast developer Advanced Magnetics reported that although its revenues rose for the 2006 fiscal second quarter, it had an increase in net losses.
For the period (end-March 31), the Cambridge, MA-based firm recorded revenues of $714,000, an uptick compared with revenues of $612,000 reported for the same period in fiscal 2005.
The company reported a net loss of $5.1 million for the quarter, compared with a net loss of $3.3 million for the same period last year.
By AuntMinnie.com staff writers
April 20, 2006
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