AMRI: 4Q Sales Figures
AMRI reported its financial and operating results for the fourth quarter. Total contract revenue for the fourth quarter of 2010 was $40.7 million.
AMRI reported today its results for the fourth quarter 2010. Total revenue for the fourth quarter of 2010 was $48.6 million, an increase of 12% compared to total revenue of $43.4 million reported in the fourth quarter of 2009.
Contract revenues rose 16% in 4Q10 to $40.7 million, including a 48% bump in Large Scale Manufacturing to $19.1 million. Development/Small Scale Manufacturing revenues were up 12% to $10.5 million, marking the first quarter since 4Q08 to show growth. Discovery services dropped 13% to $11.1 million.
For FY, Discovery services were down 2% to $46.8 million, Development/Small Scale Manufacturing was down 4% to $36.5 million, and Large Scale Manufacturing revenues were up 13% to $79.9 million. Allegra royalties were flat at $34.
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