Medical informatics firm CompuMed of Los Angeles said that strong sales in its electrocardiogram division helped the company achieve 47% growth in revenues for the first quarter of fiscal 2005 (end-December 31).
CompuMed reported first-quarter revenues of $677,000, compared with $460,000 in the same period of fiscal 2004. Still, the company's net loss edged up, to $93,000, compared with a net loss of $61,000 in the corresponding quarter a year ago.
The company said it continued to enjoy success with its CardioGram product in the market for remote ECG equipment and services sold to correctional facilities. The one-time shipment of CardioGram terminals to the New York State Department of Correctional Services contributed to the company's strong first-quarter revenue spike.
By AuntMinnie.com staff writersFebruary 16, 2005
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CompuMed revenues edge up in Q3, August 16, 2004
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