Robotic technology developer Hansen Medical posted second-quarter (end-June 30) financial results showing growth in sales and a net loss, according to the Mountain View, CA-based firm.
Total revenues for the three months were $5.8 million, up 139% compared with revenues of $2.4 million in the same period of 2007. The company recognized revenue on eight Sensei robotic systems, as well as on shipments of 279 Artisan control catheters and one standalone CoHesion module.
Net income for the three months was $323,000, compared with $853,000 for the same period in 2007. The decrease was primarily due to lower interest income related to lower balances of average cash, cash equivalents, and short-term investments, Hansen said, resulting from cash used for the company's 2007 acquisition of AorTx.
Net loss for the period was $14.9 million, compared with $7.9 million in 2007.
Related Reading
Hansen gets FDA nod for CoHesion, July 2, 2008
Hansen Medical nets FDA OK for robotic technology, May 4, 2007
Hansen ships Sensei catheter in Europe, May 3, 2007
Hansen completes robotic catheter trial, December 25, 2006
Hansen to go public, November 16, 2006
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