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SQI Diagnostics Inc.

10:18 AM EST - SQI Diagnostics Inc. : posted fourth-quarter net loss of $1.6 million or $0.06 per share, wider than $926,000 or $0.05 per share in the same quarter last year. The increased loss for the quarter was primarily related to typical increases in wage and wage-related expenses in both the Corporate and Research and Development groups, stock option expenses, and consulting expenses. For the year ending September 30, 2009, net loss widened to $5.9 million or $0.23 per share from $3.8 million or $0.18 per share last year. SQI Diagnostics Inc. shares V.SQD are trading even at $2.45.