Affymetrix slips into loss in the 2nd qtr

California, USA-based Affymetrix has fallen into loss in the second quarter of 2008 on a drop in revenue and acquisition charges.

The firm posted a net loss of $3.6 million, or $0.05 per share, versus net income of $1.2 million, or $0.02 per share, in the same period of 2007. Operating expenses were down 8.6% to $50.1 million, which included a restructuring charge of $0.9 million. This was half the cost of restructuring in the year-before period when the firm paid out $1.8 million.

Revenue was down only slightly, 1.6% to $86.9 million. This comprised: product sales of $75.0 million, up 9.6%, including array and reagent sales of $68.9 million and instrument turnover of $6.1 million; service revenue down 25% to 9.0 million; and royalties and other income down 73.3% to $2.9 million.