SAN DIEGO--(BUSINESS WIRE)--Sequenom, Inc. (Nasdaq:SQNM) today reported financial results for the three months and year ended December 31, 2006. Revenues for the fourth quarter of 2006 rose 79% to $7.9 million, compared with revenues of $4.4 million for the fourth quarter of 2005. Revenues for the year ended December 31, 2006 were up 47% to $28.5 million, as compared to the same period in the prior year. The increase in revenues for the quarter and year ended December 31, 2006 was primarily due to an increase in the number of placements of MassARRAY® systems and related product sales. The net loss for the fourth quarter of 2006 narrowed to $5.3 million, or $0.16 per share, compared with a net loss of $7.1 million, or $0.53 per share, for the fourth quarter of 2005. The net loss for the year ended December 31, 2006 of $17.6 million was $8.9 million lower than the previous year.
