On Monday, Shares of Sequenom, Inc. (NASDAQ:SQNM), gained 1.49% to $2.05.
Sequenom, stated total revenues of $32.8 million for the second quarter of 2015, a decrease of 18% contrast to revenues of $39.8 million for the second quarter of 2014. Revenues for the second quarter of 2014 comprised of about $6.1 million of incremental “catch-up” payments from payors for services performed in preceding periods, in addition to the incremental change for the conversion from cash to accrual accounting for certain payors. No noteworthy catch-up collections were received in the second quarter of 2015, as the timeliness of collections has improved with additional payor contracts. Sequenom now has coverage for 172 million commercial lives and 40 million lives under Medicaid programs. The second quarter of 2015 had lowered diagnostic services revenues contrast to the second quarter of 2014 by about $3 million, associated with the conversion of a referring laboratory partner to a patent pool licensee.
License revenues rose to $1.9 million for the second quarter of 2015, contrast to $0.4 million for the second quarter of 2014, reflecting the enhance in test fees under the Pooled Patents Agreement that was signed in December 2014.
Cash burn for the second quarter of 2015 was $2.9 million, contrast to $4.1 million in the same period of 2014. The second quarter 2015 cash burn excludes payment of costs related to the convertible debt exchange of $1.6 million. The loss from ongoing operations before income taxes reduced by 41% to $9.0 million for the second quarter of 2015 as contrast to $15.3 million for the second quarter of 2014.
Sequenom, Inc., a life sciences company, develops and commercializes molecular diagnostics testing services for the women’s health and oncology markets in the United States and internationally.
Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR), declined -4.94% to $36.92, during its last trading session.
Interactive Brokers Group, an automated global electronic broker and market maker, released its 2015 Mid-Year Report and Letter to Investors.
Interactive Brokers Group, Inc. operates as an automated electronic broker and market maker in the United States and internationally. The company is involved in routing orders; and executing and processing trades in securities, futures, foreign exchange instruments, bonds, and mutual funds on about 100 electronic exchanges and trading venues. It also provides bid and offer quotations on about one million securities and futures products listed on electronic exchanges.
At the end of Monday’s trade, Shares of Quantum Corp (NYSE:QTM), gained 2.86% to $1.08.
Quantum Corp., stated results for the fiscal first quarter 2016 ended June 30, 2015.
Fiscal First Quarter 2016 Results
- Revenue was $110.9 million, a decrease of about $17 million, primarily driven by overall weakness in the general storage market.
- Scale-out storage and related service revenue grew about $10 million to $27.8 million, a 54 percent enhance, marking the fourth successive quarter of 50-plus percent growth and 16th successive quarter of year-over-year growth.
- Royalty revenue raised $1 million to $10.2 million.
- Disk backup systems and related service revenue was relatively flat at $17.3 million.
- Branded tape automation and related service revenue reduced about $15 million to $35.1 million, while OEM tape automation and related service revenue was down about $6 million to $9.5 million.
- Devices and media revenue was $10.9 million, a decline of about $7 million.
- The GAAP net loss was $10.8 million, or $0.04 per diluted share, contrast to a net loss of $4.3 million, or $0.02 per diluted share.
- The non-GAAP net loss was $7.0 million, or $0.03 per diluted share, contrast to net income of $2.4 million, or $0.01 per diluted share.
Quantum Corporation provides scale-out storage, archive, and data protection solutions for small businesses to major enterprises in the Americas, Europe, and the Asia Pacific. Its scale-out storage portfolio comprises StorNext software, appliances and full systems called StorNext Pro Solutions, in addition to Lattus extended online storage and Q-Cloud Archive services.
Finally, Barnes & Noble, Inc. (NYSE:BKS), ended its last trade with -4.45% loss, and closed at $15.67.
Barnes & Noble declared the company will report fiscal 2016 first quarter earnings results on Wednesday, September 9, before the market opens. The company will host an investor conference call at 10:00 a.m. Eastern Time on Wednesday, September 9, to review the company’s financial results and operations.
Barnes & Noble, Inc. retails books, textbooks, magazines, newspapers, and other contents in the United States. It sells trade books, counting hardcover and paperback consumer titles; mass market paperbacks, such as mystery, romance, science fiction, and other fiction; children’s books; eBooks and other digital content; textbooks and course-related materials; NOOK and related accessories; bargain books; gifts; emblematic apparel and gifts; school and dorm supplies; café products and services; educational toys and games; and music and movies.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
