Lower sales and higher operating expenses resulted in a net loss for digital x-ray developer AFP Imaging in its third fiscal quarter.
For the period (end-March 31), the Elmsford, NY, company's sales totaled $7.13 million in the quarter, compared with $7.17 million in the same quarter of the last fiscal year. The company's third-quarter net loss was $379,000, compared with a profit of $491,000 in the year-ago quarter.
Revenues for the nine-month period climbed 10% to $20.5 million, compared with $18.7 million in the same period of fiscal-year 2006. AFP also reported a net loss year-to-date of $341,000, compared with net income of $691,000 in the corresponding period a year ago.
The financials do not include results from AFP's acquisition of Quantitative Radiology of Verona, Italy, which was completed on April 19.
By AuntMinnie.com staff writers
May 16, 2007
Related Reading
AFP completes QR buy, April 24, 2007
AFP Imaging to acquire Quantitative Radiology, February 27, 2007
AFP posts profitable Q2, February 9, 2007
AFP initiates stock buy back, December 13, 2006
AFP increases revenues, losses in Q1, November 15, 2006
Copyright © 2007 AuntMinnie.com
