CompuMed's revenues decline in fiscal 2006

AuntMinnie.com staff writers
Dec 28, 2006

Despite increased sales of its OsteoGram osteoporosis technology, Los Angeles-based medical informatics firm CompuMed posted lower revenues in fiscal year 2006 (end-September 30).

Revenues totaled $2.1 million, compared with $2.3 million in fiscal 2005. CompuMed attributed to decrease to a one-time sale of ECG terminals to the New York State Department of Corrections in fiscal 2005.

The company's net loss was $424,000 in fiscal 2006, compared with a loss of $336,000 in the previous fiscal year. CompuMed blamed the net loss on new staff hiring, product development, and future growth initiatives.

By AuntMinnie.com staff writers
December 29, 2006

Related Reading

CompuMed nets China install for OsteoGram, November 27, 2006

CompuMed signs Phillips, November 20, 2006

CompuMed revenues slip amid higher losses, August 14, 2006

CompuMed re-signs correction contracts, June 13, 2006

CompuMed revenues edge up, but loss widens, May 15, 2006

Copyright © 2006 AuntMinnie.com

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