Banking & Finance  October 31, 2014

Medical-device maker Encision posts quarterly loss

BOULDER — Encision Inc. (OTCQB: ECIA), a medical-device manufacturer in Boulder, reported on Friday a loss of $414,000, or 4 cents per share, for its second quarter of fiscal year 2015 that ended Sept. 30.

Encision designs and manufactures instruments that prevent stray electrosurgical burns in minimally invasive surgery.

It reported quarterly revenue of $2.3 million, down from revenue of $2.6 million for the same period a year ago. The loss was greater than that the loss of $50,000, or 1 cent per share, reported for the same period a year ago.

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“We are dissatisfied with our 14 percent decrease in revenue for the second quarter compared to last year’s second quarter,” Greg Trudel, Encision’s president and chief executive, said in a prepared statement.

“Since our first quarter of this fiscal year we have increased our channel presence and expect additional revenue to be gained from that focus and increase,” he said.

Encision is executing a plan to increase market awareness of the potential clinical and economic risk of stray energy and driving customer demand through education and awareness. It expects to launch a new product shortly, the AEM EndoShield Burn Protection System.

 

BOULDER — Encision Inc. (OTCQB: ECIA), a medical-device manufacturer in Boulder, reported on Friday a loss of $414,000, or 4 cents per share, for its second quarter of fiscal year 2015 that ended Sept. 30.

Encision designs and manufactures instruments that prevent stray electrosurgical burns in minimally invasive surgery.

It reported quarterly revenue of $2.3 million, down from revenue of $2.6 million for the same period a year ago. The loss was greater than that the loss of $50,000, or 1 cent per share, reported for the same period a year ago.

“We are dissatisfied with our 14 percent decrease in revenue for…

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