* BioVeris has been told by the Nasdaq Stock Market it may be delisted for failing to file an annual financial report. As a result, its ticker symbol has changed from BIOV to BIOVE. BioVeris has not filed its 10-K report for the year ended March 31 because it is missing audited financial statements from Meso Scale Diagnostics, a joint venture run by Jacob N. Wohlstadter, the son of BioVeris chief executive Samuel J. Wohlstadter. The Gaithersburg biotechnology company said the younger Wohlstadter has refused to turn over the reports. BioVeris has accused Wohlstadter of misusing company funds to purchase cars and real estate and is trying to dissolve the joint venture. BioVeris said it will seek to delay the delisting.
* Orbital Sciences, a Dulles space and rocket systems manufacturer, had a profitable second quarter after reporting a loss a year earlier as revenue increased 12 percent. The company earned $11.1 million (17 cents a share) on $177.7 million of revenue in the quarter ended June 30, compared with a loss of $4.6 million (10 cents) on $158.4 million of revenue in the second quarter of 2003. Orbital attributed the results, in part, to higher revenue and profit in the company's satellite and related space systems segment. For the six months ended June 30, Orbital earned $22.5 million (34 cents) on $329.1 million of revenue, compared with a loss of $1.6 million (3 cents) on $295.1 million of revenue during the first half of 2003. Shares of Orbital closed down 14 cents, at $12.84.
* PEC Solutions, a Fairfax professional services firm, earned $3.7 million (13 cents) during the second quarter ended June 30, down nearly 20 percent year-to-year from a profit of $4.6 million (16 cents). Second-quarter revenue rose slightly to $44.5 million from $44.3 million a year earlier. For the six months ended June 30, the company earned $7.3 million (25 cents) on $84.9 million of revenue, nearly 10 percent less than net income of $8.1 million (27 cents) on $87.7 million of revenue during the first half of 2003. Shares of PEC Solutions closed 1 cent lower at $10.88.
* Input, a Reston company that provides government market intelligence, released a report predicting that in 2005 the state and local market for electronic products and services for the government would reverse a trend of declining growth. It forecast a significant upturn in 2006 and 2007, producing spending levels by 2008 that will be more than double this year's spending. Input said the spending increases would be fueled by integration and consolidation of government-to-government back-end systems.
Compiled from reports by Washington Post staff writers.