Growth in the customer base for its vascular product line and a recent acquisition helped computer-aided detection developer Medipattern increase revenue in the first quarter of its 2012 fiscal year (end-September 30).
The company's revenue for the period was $101,000, compared with $7,000 in the corresponding quarter a year ago. The company had a net loss of $2.5 million in the quarter, compared with net income of $550,000 in the same quarter a year ago. The loss was due primarily to a goodwill impairment provision of $1.7 million on its recently acquired mHealth division.
