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illumiCell Corporation reported results for its first quarter ended March 31, 2007. Revenues for the quarter ended March 31, 2007 were $3,469 compared to $108 for the same period in 2006. Net loss for the quarter ended March 31, 2007 was $1,105,271, or $0.02 per basic share, compared to a net loss of $250,825, or $0.01 per basic share, in the same period of 2006. The increase in expenditures for the first quarter was primarily related to the addition of personnel, long term vendors and consultants, as well as investment in marketing infrastructure, software development and IT infrastructure. Investment in each area is focused on supporting the company’s expansion across North America.

Categories: Financial Results, For The Books