May 8, 2008
Caliper Posts Wider Q1 Loss
By Eileen Kennedy
Caliper Life Sciences Inc. in Hopkinton lost more money and made a little more in revenue in the first quarter of 2008, compared to the same time last year.
The company’s revenue increased to $29.3 million, about 3 percent more than $28.4 million in the same period last year. It also saw a net loss of $9.9 million compared to $9.6 million a year ago.
The company also said it had a slow start to 2008 with delays in two contracts, but executives expect to make that up later this year.
Caliper recently consolidated its West Coast operations and streamlined its finance organization.
Caliper’s products, including lab automation and liquid handling and optical imaging technologies, help life sciences companies create medicines and diagnostic tests more quickly.
The company’s revenue increased to $29.3 million, about 3 percent more than $28.4 million in the same period last year. It also saw a net loss of $9.9 million compared to $9.6 million a year ago.
The company also said it had a slow start to 2008 with delays in two contracts, but executives expect to make that up later this year.
Caliper recently consolidated its West Coast operations and streamlined its finance organization.
Caliper’s products, including lab automation and liquid handling and optical imaging technologies, help life sciences companies create medicines and diagnostic tests more quickly.
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