Encision trims loss but revenue declines
BOULDER — Medical-device manufacturer Encision Inc. (PK: ECIA) on Tuesday reported revenue of $2.3 million and a loss of $200,000, or 2 cents per share, for its fiscal 2016 third quarter that ended Dec. 31.
The Boulder-based company makes tools for surgeons that prevent stray electrosurgical burns in minimally invasive surgery.
The results compare with revenue of $2.6 million for a net loss of $417,000, or 4 cents per share, for the same quarter a year ago.
SPONSORED CONTENT
Select your Republic Services residential cart now!
In preparation for Republic Services becoming the primary provider of residential recycling, yard trimmings, and trash, residents should now select the best cart size and service schedule for their household needs.
For nine months, the company posted revenue of $7 million and a loss of $598,000, or 6 cents per share, compared with revenue of $7.4 million and a loss of 1 million or 10 cents per share, for the same period a year ago.
In the coming quarter, Encision is expected to release it latest innovation — the AEM EndoShied 2 Burn Protection System. The company said the reposable monitor will reduce the cost per procedure to a hospital and will interface with its existing electrosurgical generators.
Encision’s stock is trading at 60 cents per share. Its 52-week range is 27 cents to 90 cents per share.
BOULDER — Medical-device manufacturer Encision Inc. (PK: ECIA) on Tuesday reported revenue of $2.3 million and a loss of $200,000, or 2 cents per share, for its fiscal 2016 third quarter that ended Dec. 31.
The Boulder-based company makes tools for surgeons that prevent stray electrosurgical burns in minimally invasive surgery.
The results compare with revenue of $2.6 million for a net loss of $417,000, or 4 cents per share, for the same quarter a year ago.
For nine months, the company posted revenue of $7 million and a loss of $598,000, or 6 cents per…
THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!