Surgical-device maker reports loss for fiscal year

BOULDER – Total revenue decreased year-over-year at Encision Inc. (ECIA: PK), a Boulder-based manufacturer of surgical devices, according to the company’s annual report, filed in late June.

Revenue for products and services combined totaled $10.5 million for the fiscal year ending March 31, compared with $11.7 million in Encision’s fiscal 2013.

For fiscal 2014, the company reported a net operating loss of $1.7 million, compared with a net loss of $615,673 the year before.

Part of the company’s losses can be attributed to a product impairment cost of $1.1 million in the fourth quarter related to the company’s decision to discontinue two products.…