Nuclear medicine vendor Digirad reported a fiscal 2006 third-quarter downturn in consolidated revenues, but said that it continued to make progress in trimming its net losses.
For the period (end-September 30), the Poway, CA-based firm had consolidated revenues of $16.7 million, down 3.7% compared with the $17.4 million posted in the same period a year ago.
For the quarter, the firm reported that it trimmed its net loss to $2.1 million, compared with a net loss of $2.8 million last year for the third quarter of fiscal 2005.
For 2006 as a whole, Digirad said it now anticipates consolidated revenues in the range of $70.7 million and $71.5 million and a consolidated loss between $7.3 million and $7.8 million, including estimated stock-based compensation expense of $1.7 million.
By AuntMinnie.com staff writers
October 31, 2006
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