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Vision-Sciences’ loss narrows in first quarter


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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