09:48 AM EST - SQI Diagnostics Inc. : announced its financial and operational results for the third quarter ended June 30, 2010. The Company recorded a net loss of $1,613,000 or $0.05 per share compared to a net loss of $1,354,000 or $0.05 per share for the quarter ended June 30, 2009. The increased loss for this past quarter was primarily related to greater activity and expenses in the discovery efforts for and development of several IgXplex assays and increases in research and development wages and wage-related expenses owing to an increase in personnel supporting our R&D efforts. R&D expenditures for the three month period ended June 30, 2010 were $1,111,000 versus $825,000 for the three-month period ended June 30, 2009. SQI Diagnostics Inc.
shares V.SQD are trading even at $3.00.
