For the quarter (end-September 30), revenues declined to $5.8 million, compared with $6.3 million in the third quarter of 2018. The company recorded no international sales in the third quarter and reported a delay of orders for its Sculptura IORT system. Gross profit for the third quarter totaled $3.8 million, compared with $4.2 million in 2018's third quarter. The company's net loss rose to $730,000, compared with a net loss of $458,000 in the same quarter a year ago.
For the nine-month period, revenues climbed 3% to $18.8 million, compared with $18.3 million for the same period of 2018. Gross profit held steady at $12.1 million, compared with $12.1 million in the same 2018 period. The nine-month net loss increased to $2.7 million, compared with a net loss of $2.1 million in the same period of 2018.
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