Encision Inc. increases revenue, but earnings decline
BOULDER — Encision Inc. (OTC: ECIA), a medical-device company, posted first quarter revenue of $2.4 million, a year-over-year improvement of 1.7 percent.
Revenue for the same period the year prior was $2.36 million.
The Boulder-based company, which makes Active Electrode Monitoring products that prevent stray electrosurgical burns in minimally invasive surgeries, had quarterly net income of $18,000. Encision’s quarterly net income is down from the same quarter the year prior, when it had $181,000. During that period the company had earnings of 2 cents per share. For the second quarter of 2018, the company’s earnings per share was zero cents.
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“We are very pleased to share good results and positive developments from our Q1,” said Greg Trudel, president and CEO of Encision, in a prepared statement. “We had strong AEM product revenue growth, completed another profitable quarter, the FDA issued a Safety Communication that identified the patient risks of stray energy and we are starting a new banking relationship with Bank of America.”
BOULDER — Encision Inc. (OTC: ECIA), a medical-device company, posted first quarter revenue of $2.4 million, a year-over-year improvement of 1.7 percent.
Revenue for the same period the year prior was $2.36 million.
The Boulder-based company, which makes Active Electrode Monitoring products that prevent stray electrosurgical burns in minimally invasive surgeries, had quarterly net income of $18,000. Encision’s quarterly net income is down from the same quarter the year prior, when it had $181,000. During that period the company had earnings of 2 cents per share. For the second quarter of 2018, the company’s earnings…
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