Electrophysiology device developer EP MedSystems of West Berlin, NJ, reported financial results for its fourth quarter and 2004 fiscal year (end-December 31).
Revenues for the fourth quarter were $5.2 million, representing a 63% increase over fourth-quarter 2003 revenues of $3.2 million, the company said. Net losses for the period were posted at $486,000, an improvement from a net loss of $1.1 million for the same period the prior fiscal year.
Revenues for the fiscal year were $16.4 million, a 64% increase from the $10 million posted by the firm for 2003. The firm trimmed its net loss in 2004 to $4.4 million, compared with a net loss of $6.9 million for fiscal 2003.
By AuntMinnie.com staff writers
March 11, 2005
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