
Disposable products developer Merit Medical Systems posted increases in revenue, along with a net loss, in its first quarter of 2020.
Sales in many of the company's markets have declined, mostly due to a decline in procedures during the COVID-19 pandemic.
For the quarter (end-March 31), Merit's revenue increased 2.2% to $243.5 million, compared with $238.3 million in the same quarter of 2019. On a comparable constant currency basis, core revenue gained 3% over last year's first quarter.
The company also reported a net loss of $3.2 million, based on generally accepted accounting principles (GAAP) in the quarter, compared with GAAP-based net income of $6.2 million in the same quarter a year ago. Merit's non-GAAP net income for 2020's first quarter totaled $21.1 million, compared with non-GAAP net income of $20.6 million in the first quarter of 2019.











![A normal mammogram confirmed by three-year radiologic follow-up illustrates reader-marked regions of interest (ROIs) during (A) unaided (round 1) and (B) artificial intelligence (AI)–assisted (round 2) reading. Each colored dot represents an ROI for recall by a human reader. Readers could mark more than one ROI per case, represented by multiple dots of the same color. During AI-assisted reading, the AI system displayed three visible prompts: two with suspicion of malignancy scores of 35% (left mediolateral oblique [L MLO] and craniocaudal [L CC]) and one with a suspicion of malignancy score of 10% (right craniocaudal [R CC]), shown as polygonal overlays. Without AI, six of 10 readers (60%) marked a false-positive ROI. With AI assistance, this fell to two of 10 (20%). R MLO = right mediolateral oblique.](https://img.auntminnie.com/mindful/smg/workspaces/default/uploads/2026/07/2026-07-14-radiology-mammogram-ai-auto-bias.H0bYO8QlWs.jpg?auto=format%2Ccompress&fit=crop&h=112&q=70&w=112)






