IBA revenue dips in Q1 2013

Radiopharmaceutical provider Ion Beam Applications (IBA) saw a decrease in its first-quarter revenue, which it attributed to a low conversion rate of its existing backlog.

For the quarter, IBA reported revenues of 44.7 million euros, down 13.9% compared to the same period last year. The quarter's net loss was 41.5 million euros, compared with 78 million euros for the same period in 2012.

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