MORRISVILLE, N.C. – SciQuest (NASDAQ: SQST), a software and services company pharmaceutical, biotechnology and other research-based organizations, lost $3.7 million, or 13 cents per share, in the second quarter.

SciQuest stock closed at 86 cents a share on Thursday, up 13 cents.

Revenue in the quarter was $2.2 million, consisting of $1.8 million from software licenses and other professional services and approximately $400,000 in seasonal advertising fees from the production of the BioSupplyNet Source Book, the company said. Revenue from licenses and other professional services was $1.7 million in the first quarter and $2 million in the second quarter of 2001, including approximately $600,000 of seasonal advertising fees.

SciQuest reported a first-quarter loss of $52.6 million, or $1.58 per diluted share. In the second quarter of 2001, SciQuest lost $29.4 million, or 87 cents per diluted share.

The company began or expanded relationships with customers like Schering-Plough Research Institute, Memorial Sloan-Kettering, Air Products, University of Notre Dame and GlaxoSmithKline during the most recent quarter. The company also acquired HigherMarkets, which targets university customers for online procurement solutions.

SciQuest: www.sciquest.com