Caliper Q4 Net Loss Hits $46M
Hopkinton-based Caliper Life Sciences Inc. reported a fourth quarter net loss of $46.3 million after taking $45.3 million in non-cash restructuring and other charges.
The company's net loss for the same period the previous year was $5.7 million.
Caliper said fourth quarter revenues were $36.7 million, an 8.8 percent decrease from the $40.3 million it reported in the fourth quarter of 2007.
For the year, the company reported a net loss of $68.3 million on revenue of $134.1 million. For 2007, the company reported a net loss of $24.1 million on revenue of $140.7 million.
Caliper ended the year with $26.7 million in cash, an improvement over the $19 million with which it ended 2007.
Caliper also said it had extended its $25 million credit arrangement with Silicon Valley Bank through Nov. 30, 2010.
The company makes a variety of laboratory equipment for the life sciences industry.
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