SciQuest Bucks the B2B Trend

SciQuest (SQST Quote) bucked the trend set by other business-to-business exchanges in the second quarter by turning in strong results Wednesday.

The business-to-business, or B2B, exchange for the life sciences industry reported net revenue of $1.4 million, up 272% from the $301,862 in net revenue it reported for the March quarter. SciQuest also reported a loss of 35 cents per share, better than the loss of 38 cents per share analysts were expecting, according to Multex.com.

SciQuest, with its $273 million market cap, is a relatively small player in the B2B space. But its numbers stick out because of their comparison with those of Ventro(VNTR Quote), its main competitor and a once high-profile B2B stock. ...