Business in the Burbs » Diagonostic http://burbsbiz.lohudblogs.com Movers, shakers and newsmakers Tue, 25 Aug 2009 19:13:57 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Vision-Sciences’ loss narrows in first quarter http://burbsbiz.lohudblogs.com/2008/08/14/vision-science%e2%80%99s-loss-narrows-in-first-quarter/ http://burbsbiz.lohudblogs.com/2008/08/14/vision-science%e2%80%99s-loss-narrows-in-first-quarter/#comments Thu, 14 Aug 2008 21:31:44 +0000 David Schepp http://burbsbiz.lohudblogs.com/2008/08/14/vision-science%e2%80%99s-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.

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