AGTC reports $2.1 million income in second quarter

Applied Genetic Technologies Corporation reported a net income of $2.1 million in its second fiscal quarter compared with a net income of $3 million in the same period of 2015, the company announced in a press release.

Revenue in that period totaled $10.9 million compared with $12.2 million in the previous year.

Research and development costs decreased by $1.2 million to $6 million, whereas general and administrative costs increased by $0.6 million to $2.7 million.

Applied Genetic Technologies Corporation reported a net income of $2.1 million in its second fiscal quarter compared with a net income of $3 million in the same period of 2015, the company announced in a press release.

Revenue in that period totaled $10.9 million compared with $12.2 million in the previous year.

Research and development costs decreased by $1.2 million to $6 million, whereas general and administrative costs increased by $0.6 million to $2.7 million.