Repligen Reports Second Quarter 2014 Financial Results
Product Revenue Increases 19.5% to a Record $15.6 Million Product Gross Profit Increases 15.1% to a Record $8.9 Million Conference Call and Webcast Today at 8:30 a.m. EDT WALTHAM, Mass., Aug. 11, 2014 (GLOBE NEWSWIRE) - Repligen Corporation (Nasdaq:RGEN) today reported financial results for its second quarter ended June 30, 2014. The Company's financial and business highlights for the second quarter and year-to-date follow, as well as updated financial guidance for the year 2014. Second Quarter Financial Highlights: Product revenue for the second quarter of 2014 was $15.6 million, an increase of 19.5% over the second quarter of 2013. Product revenue for the 2014 period includes approximately $500,000 from ATF System sales as a result of the Company's acquisition of the business of Refine Technology on June 2, 2014.
Product gross profit increased 15.1% to $8.9 million or 57.1% of product revenue for the second quarter of 2014 compared to $7.7 million or 59.3% of product
