MRI contrast developer Advanced Magnetics said that while revenues rose for the 2006 fiscal third quarter, net losses doubled.
For the period (end-June 30), the Cambridge, MA-based firm booked revenues of $944,000, more than doubling its sales compared with revenues of $403,000 reported for the same period in fiscal 2005.
The company recorded a net loss of $6.7 million for the quarter, compared with a net loss of $3.3 million for the same period last year.
By AuntMinnie.com staff writers
July 20, 2006
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