CardioDynamics' revenue falls in Q2

AuntMinnie.com staff writers
Jul 9, 2009

Impedance cardiography developer CardioDynamics of San Diego posted a dip in revenue in its second quarter.

The company saw net sales for its fiscal 2009 second quarter (end-May 31) of $5.7 million, a decrease of 9% compared with sales of $6.2 million in 2008.

The firm reported a net loss for the period of $1.5 million, compared with a net loss of $732,000 reported in the same quarter last year.

In June, CardioDynamics announced that it planned to merge with compact-ultrasound developer SonoSite of Bothell, WA; the deal is expected to close during the third quarter of this year.

Related Reading

CardioDynamics sees revenue dip in Q1, April 10, 2009

CardioDynamics nets increased Q4 sales, February 6, 2009

CardioDynamics reports Q3 sales increases, October 10, 2008

CardioDynamics approves reverse stock split, May 9, 2008

CardioDynamics gets Nasdaq noncompliance letter, April 21, 2008

Copyright © 2009 AuntMinnie.com

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