Despite increased sales of its OsteoGram osteoporosis technology, Los Angeles-based medical informatics firm CompuMed posted lower revenues in fiscal year 2006 (end-September 30).
Revenues totaled $2.1 million, compared with $2.3 million in fiscal 2005. CompuMed attributed to decrease to a one-time sale of ECG terminals to the New York State Department of Corrections in fiscal 2005.
The company's net loss was $424,000 in fiscal 2006, compared with a loss of $336,000 in the previous fiscal year. CompuMed blamed the net loss on new staff hiring, product development, and future growth initiatives.
By AuntMinnie.com staff writers
December 29, 2006
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