Imaging technology manufacturer Colorado MedTech reported third-quarter sales of $17.7 million, down 15.7% from the $21 million reported in the third quarter last year. For the period (end-March 31), the Boulder, CO-based vendor had a net loss, including after-tax settlement expenses of $684,000, of $1.2 million, compared with a net loss of $635,000 last year.
The vendor reported positive operating cash flow during the third quarter, however, according to chairman and CEO Stephen Onody. In other developments, Colorado MedTech said it's in the process of consolidating its Colorado operations into one facility, with completion expected in July.
By AuntMinnie.com staff writersMay 7, 2002
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