Novadaq revenues surge but loss widens in Q3

Higher sales of its Spy intraoperative imaging system contributed to strong revenue growth for surgical imaging developer Novadaq Technologies of Bonita Springs, FL, in its third quarter.

For the period (end-September 30), the firm had revenues of $7.6 million, up from $1.7 million in the same period a year ago. However, Novadaq had a net loss of $4.6 million, compared with a net loss of $3.9 million a year ago. The quarter included a noncash write-down of $4.8 million.

Related Reading

Novadaq to restate Q1 financial report, August 15, 2007

Novadaq grows sales and net loss in Q2, August 8, 2007

Novadaq nets Japanese patent for Spy, February 28, 2007

Novadaq gets Canadian approval for Luna, January 12, 2006

Novadaq begins trials for Luna system, October 23, 2006

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