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Company reports record second quarter in 2002.(Digene Corp.)(Brief Article)(Statistical Data Included)
2002 APR 18 - (NewsRx.com & NewsRx.net) -- Digene Corp. (DIGE) reported that total revenues for the second quarter of 2002 increased 49% to a record $11.6 million, compared with $7.8 million in the comparable quarter last year. Net loss narrowed to $1.1 million, or $0.06 per share, from a net loss of $1.6 million, or $0.10 per share, for the fiscal 2001 second quarter.
Total revenues for the 6 months ended December 31, 2001, were $22.0 million, a 47% increase from the $14.9 million reported in the comparable period last year. The net loss for the first 6 months of fiscal 2002 narrowed to $1.6 million, or $0.10 per share, compared with a net loss of $3.5 million, or $0.21 per share, in the first 6 months of fiscal 2001.
Evan Jones, chairman and chief executive officer, stated, "We were very pleased with the results for the second quarter. We achieved record sales growth for the business and our lead product, the Hybrid Capture 2 HPV Test. Gross margin on product sales continued to expand, reaching the 75% mark for ...
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Source: HighBeam Research, Company reports record second quarter in 2002.(Digene Corp.)(Brief...