Business in the Burbs

Vision-Sciences Inc. reports loss of $2.5 million

November

Vision-Sciences Inc., an Orangeburg-based medical-device maker, reported a net loss of $2.5 million for its fiscal second quarter, or 7 cents a share, compared to a net loss of $1.3 million, or 4 cents a share, a year earlier. Sales of $3.05 million fell slightly from $3.13 million a year earlier.

Ron Hadani, president and chief executive officer, said that sales of the company’s medical scopes increased significantly during the quarter. He added that the company is “excited” about the growth of its urology video and fiber scope product lines.

This entry was posted on Friday, November 14th, 2008 at 12:58 pm by Jay Loomis.
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