EP MedSystems posts robust Q3

Electrophysiology device developer EP MedSystems of West Berlin, NJ, reported its fiscal 2004 third-quarter results with a dramatic increase in revenue and a decrease in losses.

Revenues for the third quarter (end-September 30) were $4.7 million, representing a 116% increase over the third-quarter 2003 revenues of $2.2 million, the company said. Loss from operations was $710,000 for the period, an improvement of 65% compared to a loss of $2 million for the third quarter of 2003.

For the first nine months of the fiscal year, revenues were $11.2 million, a 64% increase compared to the $6.8 million reported in same period last year. The net loss for the first three quarters was $3.9 million, compared to $5.9 million in the first nine months of fiscal 2003, the company said.

By AuntMinnie.com staff writers
October 27, 2004

Related Reading

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EP MedSystems hikes revenue, trims losses in Q1, May 7, 2004

EP MedSystems gets FDA clearance, April 19, 2004

EP MedSystems shows downturn for 2003, March 12, 2004

EP MedSystems gets FDA nod for EP-4 cardiac stimulation system, March 4, 2004

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