Medical informatics firm CompuMed reported fiscal second-quarter revenues of $545,000, up 2% compared with the $534,000 reported last year. For the period (end-March 31), the Los Angeles-based firm had a net loss of $101,000, compared with a net loss of $33,000 in the 2005 fiscal second quarter.
CompuMed said the primary reason for the higher loss was an increase in costs related to hiring staff for its sales and R&D departments. CEO Jerry McLaughlin said the company is encouraged with the growth in OsteoGram revenue during the first six months of 2006.
By AuntMinnie.com staff writers
May 15, 2006
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