Surgical imaging developer Novadaq Technologies sold more systems to propel revenues higher in the second quarter of 2011 (end-June 30).
Revenues increased 33% to $3.5 million, compared with $2.6 million in the second quarter of 2010. The company's loss from operations decreased to $1.7 million, compared with a loss from operations of $2.8 million in last year's second quarter.
Novadaq shipped 92 imaging systems in the second quarter, which exceeded its original estimate of 70 units.
For the six-month period, revenues advanced to $6.4 million, compared with $5.3 million in the same period of 2010. The loss from operations improved to $3.9 million, compared with a loss from operations of $5.2 million in the same period a year ago.
