Medipattern shows increased Q1 revenues

AuntMinnie.com staff writers
Nov 25, 2007
Reuterslogo

Computer-aided detection (CAD) developer Mercury Computer Systems of Toronto announced its fiscal first-quarter results for 2008.

For the period (end-September 30), revenues comprised of royalty income totaled approximately $88,000 (U.S.), compared to $41,000 in the first quarter of fiscal year 2007.

Professional fees accounted for revenues of $41,000 in the first quarter of 2008, down from $63,000 in the same period of 2007. Total expenses rose to $802,000 versus $682,000 in the first quarter of fiscal 2007, attributed to increased research and development in addition to sales and marketing costs, according to the company.

Unaudited statements of operations reveal a resulting net loss of $626,000, compared to $543,000 in the same quarter last year.

Related Reading

Medipattern gets Mexico install, adds distributor

Medipattern launches new B-CAD products, September 25, 2007

Medipattern finalizes financing deal, August 2, 2007

Medipattern to raise funds through stock deal, July 13, 2007

Medipattern partners with HealthcareIQ, July 4, 2007

Copyright © 2007 AuntMinnie.com

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