Digital x-ray developer Swissray International reported revenues of $14.4 million in the first nine months of its fiscal year, up 16% from the $12.4 million reported during the same period last year.
Revenue from the Elmsford, NY-based vendor's ddR systems totaled approximately $10.4 million, up 76% compared with the $4.5 million recorded last year. Swissray had a net loss for the nine months of $7.8 million, compared with a net loss of $17.6 million during the same period last year.
In the third quarter (end-March 31), Swissray had digital x-ray revenue of $4.2 million, or roughly 33% higher than the average of the first two quarters of the current fiscal year, according to the firm. The quarter produced positive cash flow from operating activities of $193,303, compared with negative cash flow of $21,000 a year ago.
By AuntMinnie.com staff writersMay 10, 2001
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Swissray books four ddR orders, January 9, 2001
Swissray completes refinancing, January 4, 2001
Swissray gets order for 30 ddR systems, October 12, 2000
Swissray reports record revenues, September 21, 2000
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