Cellular Dynamics sees jump in revenues

Total revenues for Cellular Dynamics International were 29% higher than last year, according to financial results from the second quarter. Revenues were $3.6 million, compared to $2.8 million a year ago. The company’s net loss widened, however, to $8.6 million, compared to a loss of $5.1 million in 2013.

For the first six months of the year, CDI revenues are up 26% to $6.6 million, compared to $5.2 million in 2013. The net loss for that period was $16.7 million, compared to $10.7 million a year ago.