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Vision-Sciences’ loss narrows in first quarter

August
14

Vision-Sciences Inc. reported today that it lost $100,000 in its fiscal first quarter, less than the $1.4 million it lost a year ago.

The Orangeburg-based medical-device maker said the reduced loss was primarily the result of a one-time $3 million gain related to sale of assets last year to Medtronic Xomed Inc.

On a per-share basis Vision-Sciences’ earnings were flat in the current-year quarter, compared to a loss of 4 cents a share a year ago.

Revenues during the quarter, which ended June 30, rose 21 percent to $2.9 million, from $2.4 million last year, it said.

The company’s shares, traded on the Nasdaq Capital Market, ended today’s trading down 4 cents to $4.59 a share.

Posted by David Schepp on Thursday, August 14th, 2008 at 4:31 pm |
| | Comments Off on Vision-Sciences’ loss narrows in first quarter

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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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