More royalty income contributed to greater revenues for computer-aided detection (CAD) software developer Medipattern in the Toronto-based company's third fiscal quarter.
For the period (end-March 31), revenues totaled approximately $100,000 (U.S.), compared with $54,000 in the third quarter of fiscal year 2006. The Toronto-based company posted a net loss of approximately $587,000, compared with a net loss of $500,000 in the same quarter a year ago.
For the nine-month period, revenues decreased to $295,000, down from $380,000 in the same period of fiscal year 2006. The net loss increased to $1.6 million, compared with a net loss of $1.2 million in the same period of 2006.
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