An increase in ECG transmission revenues and order volume for its OsteoGram diagnostic system helped medical informatics firm CompuMed increase revenues in the third quarter of fiscal 2007 (end-June 30).
Revenues advanced to $590,000, up 23% from $478,000 in the third quarter of fiscal 2006. The Los Angeles-based company's net loss increased to $176,000, compared with a net loss of $130,000 in the year-ago quarter.
In the quarter, ECG services revenues climbed to $491,000, up from $404,000 in the same quarter last year. OsteoGram revenues increased to $81,000, compared with $20,000 in the year-ago quarter.
For the nine-month period, revenues grew to $1.7 million, compared with $1.67 million in the same period of fiscal year 2006. The net loss increased to $552,000, compared with a net loss of $299,000 in the prior-year period.
By AuntMinnie.com staff writers
August 15, 2007
Related Reading
CompuMed upgrades OsteoGram software, August 2, 2007
CompuMed signs new CEO, June 7, 2007
CompuMed adds to revenues, net loss in Q2, May 16, 2007
CompuMed closes private placement, March 19, 2007
CompuMed revenues dip, February 15, 2007
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