Electrophysiology device developer EP MedSystems of West Berlin, NJ, reported growth in revenues and cut its net loss in financial results for its fiscal third quarter.
For the period (end-September 30), the company posted revenue of $5.3 million, a 41% increase over the $3.8 million reported for the same period in 2006. Total revenue for the nine months was $13.2 million, an 18% increase over the same period in 2006.
EP MedSystems sustained a net loss of $641,000 for the quarter, compared to a net loss of $1.7 million for the same quarter in 2006. For the nine-month period, the company sustained a net loss of $3.4 million, compared to $5.4 million last year.
By AuntMinnie.com staff writers
November 2, 2007
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