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NEW YORK – Canadian life sciences and diagnostics company SQI Diagnostics today reported that total revenues for the second quarter more than doubled year over year to C$540,000 ($406,200) from C$220,000 ($165,500) .

For the three months ended June 30, the company posted service revenues of C$227,000 compared to C$79,000 a year ago, while product sales grew to C$313,000 from C$141,000, according to a regulatory document.

Its R&D spending was relatively flat year over year at C$1.3 million, while its SG&A spending increased 13 percent to C$782,00 from C$694,000.

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