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Financial Report: AMRI

Contract revenue down 3% in the quarter

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By: Tim Wright

Editor-in-Chief, Contract Pharma

AMRI
 
2Q Revenues: $50.0 million (-7%)

2Q Earnings: $257,000 (loss of $568,000 2Q11) 

YTD Revenues: $103.7 million (-6%)

YTD Earnings: $3.6 million (loss of $2.0 million YTD11)

Comments: Contract revenue for the quarter was $42.4 million, down 3%. Discovery Services revenue was $8.6 million, down 3%; Development/Small Scale revenue was $8.1 million, down 11%; and Large Scale Manufacturing revenue was flat at $25.7 million. Royalties in the quarter were $7.5 million, up 1%.

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