Medical imaging outsourcing firm Colorado MedTech reported a first-quarter loss as the Boulder-based firm continued to face fallout from a since-resolved FDA warning letter. Colorado MedTech had first-quarter sales of $17 million, flat compared with the $17.1 million posted in the same period last year.
For the quarter (end-September 30), the firm had a net loss of $1.1 million, compared with net income of $334,000 in the first quarter last year. Since the resolution of the warning letter on October 15, the company has noticed an increase in sales opportunities, however, said president and CEO Stephen Onody.
By AuntMinnie.com staff writers
November 6, 2001
Related Reading
Colorado MedTech resolves FDA warning letter, October 15, 2001
Colorado MedTech reports progress with FDA, September 17, 2001
Colorado MedTech tagged with Q4, 2001 loss, August 21, 2001
Colorado MedTech inks supplier agreement, July 17, 2001
Colorado MedTech slips into the red in Q3, May 8, 2001
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