RITA boosts sales, trims losses

AuntMinnie.com staff writers

Nov 1, 2005

Oncology device vendor RITA Medical Systems of Fremont, CA, reported revenue for its fiscal 2005 third quarter of $11.2 million, a 40% increase compared with the $8 million in sales posted for its fiscal 2004 third quarter.

The firm reported a net loss for the 2005 third quarter (end-September 30) of $705,000, a 78% reduction compared with a net loss of $3.3 million in the 2004 third quarter.

The company said that its current outlook for the fourth quarter of 2005 is for revenue to be between $11.3 million and $12.3 million. It said it expects net income for the coming quarter to range between a net income of $100,000 and a net loss of $800,000.

By AuntMinnie.com staff writers
November 2, 2005

Related Reading

RITA names Angel as CFO, October 18, 2005

RITA downgrades Q3 outlook, October 12, 2005

RITA delays Habib4X in U.S., September 27, 2005

RITA gets 510(k), August 19, 2005

Martinez joins RITA, August 18, 2005

Copyright © 2005 AuntMinnie.com

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