Toronto-based computer-aided detection (CAD) developer Medipattern has posted financial results for its second fiscal quarter (end-December 31).
Revenues in the quarter totaled $66,000 (U.S.), compared with $284,000 in the same quarter of the previous fiscal year. The decline was to due the absence of $248,000 in technology-access fee income in the quarter. The company reported a net loss of $526,000, compared with a net loss of $284,000 in the prior fiscal year's second quarter.
For the six-month period, total revenues decreased to $184,000, compared with $302,000 in the second quarter of the previous fiscal year. Medipattern reported a six-month net loss of $946,000, compared with a net loss of $776,000 in the same period a year ago.
By AuntMinnie.com staff writers
February 26, 2007
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