SDIX Reports Fourth Quarter and Full Year 2010 Results

SDIX SDIX, a leading provider of biotechnology-based products and services for a broad range of life science, biotechnology, diagnostic and food safety applications, today reported financial results for the quarter and fiscal year ended December 31, 2010. Revenues for the fourth quarter of 2010 were $7.4 million, increasing 19% from $6.2 million for the same period in 2009. Net loss for the fourth quarter of 2010 was $260,000, compared to a net loss of $65,000 in 2009. Full year 2010 revenues were $28.3 million, increasing 4% from $27.2 million in 2009. This overall growth resulted from increased revenues in SDIX's core focus areas of Life Science and Food Safety. Revenues in both of these markets increased 7% in 2010 as compared to 2009. Net loss for the year was $963,000 in 2010, down from $1.7 million in 2009.