Longport announces sales shortfall

Ultrasound developer Longport is facing a revenue shortfall in its fourth quarter (end-December 31) due to the inability of one of its distributors to meet a purchasing commitment.

The Glen Mills, PA, company said it expects scanner sales of $550,000 for the quarter. The company said its largest distributor was unable to maintain its commitment of 25 Episcan I-200 scanners per month, and the shortfall may affect the company's previously stated guidance of 500 unit sales for the 12 months ending July 31, 2005.

The company said the shortfall could be due to the fact that many of its distributors are relatively new to the product, and the company expects them to catch up on their commitments.

By AuntMinnie.com staff writers
January 6, 2005

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