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Jump to full article: Business Wire, 2008-08-08
Intro: Star Scientific, Inc. (NASDAQ:STSI) announced that it has filed its second-quarter financial report on Form 10-Q today with the Securities & Exchange Commission. Gross sales for the quarter ended June 30, 2008 totaled $167,483 compared with gross sales of $219,242 during the same period in 2007. Net sales for the second quarter totaled $52,176 as compared with $196,168 for second quarter 2007. Net sales were impacted in part by a decrease in unit sales volume and an increase in product discounts (placement fees) during the second quarter.
The company reported an operating loss of $6.29 million compared with $3.85 million for second quarter 2007. . . .
The company awaits a ruling on its appeal to the US Court of Appeals for the Federal Circuit in its patent infringement lawsuit against RJ Reynolds Tobacco Company
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