Business in the Burbs

Loss narrows at Vision-Sciences in 4Q

June

Vision-Sciences Inc., an Orangeburg company that makes medical devices, reported a net loss of $2.55 million, or 7 cents a share, for its fiscal fourth quarter ending March 31.

That compared to a net loss of $4.57 million, or 12 cents a share, a year earlier. Revenues of $3.24 million increased from $2.37 million a year earlier. Ron Hadani, president and chief executive officer, said that annual sales growth reflected the introduction of new videoscope products and substantial growth in sales of urology products.

In a seperate announcement, Vision-Sciences said that John J. Rydzewski has been selected to serve as a board member. Rydzewski is a managing director of Christofferson, Robb & Company LLC, a private investment firm.

This entry was posted on Monday, June 29th, 2009 at 5:19 pm by Jay Loomis.
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