ART posts sales gains in Q4, but loss widens

AuntMinnie.com staff writers

Mar 9, 2006

Canadian optical molecular imaging developer ART Advanced Research Technologies reported fourth-quarter sales of $1.2 million (U.S.), up 107% compared with the $599,000 booked in the fourth quarter of 2004.

For the period (end-December 31), the Saint-Laurent, Quebec-based firm had a net loss of $3.3 million, compared with a net loss of $2.7 million a year ago.

For the year, ART had sales of $4.1 million, compared with $1.9 million in 2004. The company had a net loss of $13.1 million, compared with a loss of $9.9 million last year.

By AuntMinnie.com staff writers
March 10, 2006

Related Reading

ART to buy Alerion, February 15, 2006

ART begins SoftScan study in western Canada, November 24, 2005

ART sales increase in Q3, November 3, 2005

ART launches clinical study, October 24, 2005

SoftScan trial under way, October 7, 2005

Copyright © 2006 AuntMinnie.com

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