A 77% gain in intracardiac ultrasound product sales and the introduction of its ViewMate II ultrasound system -- developed with Philips Medical Systems of Andover, MA -- helped boost revenues at West Berlin, NJ-based EP MedSystems in the second quarter (end-June 30).
Revenues increased 31% to $4.3 million, compared with $3.3 million in the second quarter of 2006. The company’s net loss declined 42% to $1.3 million, compared with a net loss of $2.2 million in the year-ago quarter.
For the six-month period, revenues grew 7% to $7.9 million, compared with $7.4 million in the same period last year. The company's net loss improved to $2.8 million, compared with a net loss of $3.7 million in the first half of 2006.
By AuntMinnie.com staff writers
August 15, 2007
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Philips, EP MedSystems partner for cath lab US, January 11, 2007
EP MedSystems fires CEO, October 11, 2005
EP MedSystems to expand catheter platform, May 31, 2005
EP MedSystems initiates ICE-CHIP trial, May 4, 2005
EP MedSystems boosts sales, trims losses in 2004, March 11, 2005
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