affymetrix inc (AFFX) Snapshot

Affymetrix Inc. Presents at Jefferies 2013 Global Healthcare Conference, Jun-06-2013 09:30 AM. Venue: Grand Hyatt Hotel, 109 East 42nd Street at Grand Central, New York, New York, United States. Speakers: Franklin R. Witney, Chief Executive Officer, President and Director.

Affymetrix Inc. announced it has appointed Mr. Gavin Wood to the position of Executive Vice President and Chief Financial Officer. Mr. Wood joined Affymetrix in 2006 and served most recently as VP Finance, International Controller based in the United Kingdom. Mr. Wood will report to President and Chief Executive Officer Frank Witney and will oversee Affymetrix's finance, accounting, information technology, facilities and investor relations functions. He will also become part of Affymetrix's executive management team, which is responsible for directing all aspects of company strategy, planning and operations.

Affymetrix Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenue of $77,945,000 against $65,247,000 a year ago. Loss from operations was $12,206,000 against $3,352,000 a year ago. Loss before income taxes was $14,762,000 against $4,306,000 a year ago. Net loss was $15,437,000 or $0.22 per basic and diluted share against $4,217,000 or $0.06 per basic and diluted share a year ago. Non-GAAP net loss was $856,000 or $0.01 per basic and diluted share against $1,799,000 or $0.03 per basic and diluted share a year ago. Non-GAAP EBITDA was approximately $10 million an increase from $7 million in the first quarter of last year. Capital spending was about $1.1 million.