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Its in the Genes
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Business New Haven
8/24/1998
By: Kristine Hansen
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NEW HAVEN - CuraGen Corp. (NASDAQ: CRGN) announced that revenues for the first half of 1998, ended June 30, increased 63 percent to $4.7 million, compared to $2.9 million for the 1997 comparable period. In addition, revenues for the second quarter 1998 increased 65 percent to $2.7 million, compared to $1.6 million for the second quarter 1997. Increased revenues were a result of the company's collaboration agreements. The company reported a net loss for the first six months of 1998 of $6.2 million, or 55 cents per share, compared to $2.0 million (29 cents/share) for the 1997 period. Net loss for the second quarter 1998 was $2.5 million (19 cents a share), compared to $1.5 million (18 cents) for second quarter 1997. CuraGen closed at 7 1/8, up 1/4, on August 10.
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