EOS reports revenue increase in Q1, net loss drop in 2020

By AuntMinnie.com staff writers

April 21, 2021 -- Orthopedic imaging technology developer EOS Imaging reported a 48% spike in total revenues for the first quarter of 2021, while the company's net loss fell in 2020.

For the first quarter of 2021 (end-March 31), the company reported total revenues of 5.6 million euros ($6.7 million U.S.), compared with 3.8 million euros ($4.6 million) in the first quarter of 2020.

EOS sales were 23.8 million euros ($28.6 million) for the full year of 2020 (end-December 31), representing a 19% increase over sales of 20.1 million euros ($24.2 million) in 2019. EOS reported a net loss for the year of 11.2 million euros ($13.5 million), compared with a net loss of 18.4 million euros ($22.1 million) in 2019.

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