Digital x-ray developer Swissray International reported 2001 fiscal-year revenues of $22.2 million, up slightly from the $22 million reported in the same period last year. For the year (end-June 30), the Elmsford, NY-based firm had a net loss of $9.3 million, down from a net loss of $21.6 million in fiscal 2000.
Two-thirds of the 2001 net loss was attributable to operations during the first six months, according to the company. In addition, the firm realized a $5.1 million reduction in revenue from current nonstrategic sources, according to Swissray. On another bright note, Swissray reported that first-quarter orders are already at record levels, far exceeding any historic first fiscal-quarter activity, said Swissray chairman and CEO Ruedi Laupper.
By AuntMinnie.com staff writersSeptember 27, 2001
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