Cellular Dynamics posts wider loss

Cellular Dynamics International, Inc., which provides human cells in mass quantities for researchers, saw higher revenues in the first quarter of 2014 but also widened its losses. The company reported a net loss of $8.1 million (52 cents/share) on revenues of $2.9 million, compared to last year’s $5.7 million net loss ($3.28/share) on revenues of $2.4 million for the same quarter. Higher R&D costs and expenses related to its first public stock offering last summer were among the reasons cited.