Las Vegas, NV -- (SBWIRE) -- 08/21/2013 -- Advanced Cell Technology, Inc. (OTCBB:ACTC) released the financial reports for the quarter ended June 30, 2013. The company earned quarter revenues of $0.05 million. The revenues were $0.08 million in the first quarter ended March 31, 2013.
Advanced Cell Technology, Inc spends vigorously on its R&D as evident from its income statement. The company spent $2.86 million on R&D in second quarter and $2.99 million in first quarter of 2013. Another major expense of the company is selling general and administrative expense of $2.64 million in recent quarter.
The company had net loss of $6.61 million in second quarter and $6.41 million in first quarter of 2013.
Advanced Cell Technology, Inc. is a biotechnology company. The company develops and vends human embryonic and adult stem cell technology for regenerative medicine. The Company has portfolio of patents in embryonic and adult stem cell research.
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