Compugen Q4 Loss Narrows

Compugen Ltd. (CGEN) announced that its fourth-quarter net loss was $2.0 million or $0.07 per share, compared to a net loss of $3.8 million or $0.13 per share, for the corresponding quarter of 2008. Revenues for the quarter were $25 thousand, up from $11 thousand in the year ago quarter.

The net loss for calendar 2009 was $3.8 million or $0.13 per share, compared to a net loss of $12.5 million or $0.44 per share, for 2008. Revenues were $250 thousand, down from $338 thousand in the prior year.

by RTTNews Staff Writer

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