Lumera Corp. posted revenue of $1.5 million in 2005, but still lost more than $10.4 million last year, according to financial results released Wednesday. The Bothell-based nanotechnology firm said research and development contracts accounted for most of its revenue. A spinoff of Microvision Inc., Lumera primarily develops faster broadband materials and bioscience protein chips.
Eden crop product boosts corn yields
Eden Bioscience Corp. of Bothell reported its ProAct crop enhancer increased corn production by an average of seven bushels an acre in trials performed with the National Corn Growers Association last year. Test results were collected from 62 fields in 12 states. The company said the increased production represents a return on investment ratio of 5-to-1 when comparing the expense of ProAct. Corn trials will continue this year.
Kurve Technology moves in Bothell
Kurve Technology Inc., a developer of nasal-drug delivery technology, has moved its corporate headquarters in Bothell. In the new space at 19805 North Creek Parkway, just a few hundred feet north of the company’s previous home, the company of 12 employees plans to grow throughout the year, said Marc Giroux, Kurve’s chief executive officer.
TiVo trims losses, adds customers
As it struggled to gain new subscribers, TiVo Inc., the maker of the popular set-top digital video recorder, on Wednesday reported narrower fourth-quarter losses in line with Wall Street expectations. For the three months that ended Jan. 31, the DVR pioneer said it lost $19.5 million, or 23 cents a share, compared with a year-ago loss of $33.7 million, or 42 cents a share. TiVo said it acquired 356,000 new subscribers in the fourth quarter, compared with 698,000 in the year-ago period.
McDonald’s spices up February profits
Strong gains in Europe and the introduction of the spicy chicken sandwich at its U.S. restaurants helped McDonald’s Corp.’s comparable sales rise 4.7 percent in February, the fast-food chain said Wednesday. Sales at restaurants open at least 13 months rose 5.4 percent, officials said. McDonald’s said U.S. same-store sales were boosted by premium chicken sandwich sales, its breakfast menu and extended hours, which helped overcome harsh weather in some parts of the country.
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