Navigation Links
CardioDynamics Reports Third Quarter 2008 Results, Seventh Consecutive Quarterly Revenue Growth and 15% Year to Date Revenue Increase
Date:10/9/2008

mbination of a 12% increase in third quarter ICG device sales along with a 10% increase in the average unit sales price of our ICG Monitors compared with the third quarter of 2007. This increase in average unit selling price is principally due to a proportionately greater number of higher priced BioZ Dx systems sold during the third quarter of 2008, as compared to the third quarter of 2007 and lower sales return reserve requirements.

Gross margin as a percentage of sales increased from 72% to 75% in the third quarter of 2008, largely due to a 10% average unit sales price improvement, lower inventory reserve requirements, reduced manufacturing overhead costs, and a reduction of sales returns reserve.

Operating expenses were reduced 8% (or $398,000) to $4.8 million, driven primarily by improved efficiencies, reduced personnel expenses, lower accounting fees and bad debt provisions, all part of an ongoing cost containment focus in support of the Company's plan to regain profitability.

The operating loss improved 78% to $254,000, compared to an operating loss of $1.2 million for the same period in 2007. The year-to-date operating loss was $1.6 million, a 61% improvement from $4.0 million in the same nine month period of 2007.

CEO Comments and Outlook

Michael K. Perry, Chief Executive Officer of CardioDynamics, stated, "We were very pleased with our performance in the third quarter, particularly the rate of improvement we are making in reducing the operating loss. Excluding non-cash expenses for depreciation, amortization and stock option compensation, we experienced positive income from operations for the first time in 15 quarters and one quarter ahead of plan. Achieving our seventh consecutive quarterly year-over-year revenue growth and 15% growth year-to-date is encouraging and a testament to the continued growth potential for ICG."

Perry continued, "Our goal remains to achieve positive operating cash flow in the fourth quarte
'/>"/>

SOURCE CardioDynamics
Copyright©2008 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4 5 6

Related biology technology :

1. CardioDynamics BioZ(R) ICG Technology Integrates with General Electric Healthcares Centricity(R) Electronic Medical Record (EMR) System
2. CardioDynamics Shareholders Approve One-for-Seven Reverse Split of Companys Common Stock and Trading in Post-split Shares Begins May 9, 2008
3. CardioDynamics Receives Nasdaq Letter of Non-Compliance With Minimum Bid Price Requirement
4. CardioDynamics BioZ(R) ICG Technology Featured in American College of Cardiology (ACC) Audio Series
5. CardioDynamics Ranked in Deloittes Technology Fast 50 Program for San Diego
6. CardioDynamics Receives FDA 510(k) Clearance for Innovative Clinical Parameters and Electronic Medical Record Compatibility
7. CardioDynamics Provides 2007 Shareholder Meeting Update
8. Paper in Cell Cycle Reports Alfacells ONCONASE(R) Targets siRNA
9. Genetic Engineering & Biotechnology News reports on growing role of molecular diagnostics
10. TorreyPines Therapeutics Reports Successful End-of-Phase II Meeting With FDA for Tezampanel
11. Corgenix Reports Fiscal 2008 Financial Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/17/2013)... May 17, 2013 Topricin Pain ... Inc., has been listed among nationally recommended over-the-counter ... initiative conducted by "U.S. News" Health in collaboration ... the “No. 1 Pharmacists Recommended designation” in ... national OTC brands, and is the only homeopathic ...
(Date:5/17/2013)... Dr. Sparano is Professor of Medicine and Professor ... Einstein College of Medicine and Associate Chairman of the ... He is also Associate Director for Clinical Research at ... Cancer Working Group, a multidisciplinary group of physicians and ... serves as Vice Chair of the National Cancer Institute ...
(Date:5/17/2013)... Mechanicsburg, PA (PRWEB) May 17, 2013 ... with ramp/soak capabilities. The 5R6-900 temperature controller has many ... can be plugged into the wall as a self-contained ... power supply. This distinctive detail makes the device unique, ... , The controller can also be used universally, which ...
(Date:5/17/2013)... Organ transplant rejection occurs when the transplant recipient,s immune ... attacks it. It was previously thought that T cells, ... activated by molecules known as chemokines in order to ... the Journal of Clinical Investigation , Fadi Lakkis ... to demonstrate that chemokine stimulation of T cells is ...
Breaking Biology Technology:Pharmacists' Picks: Topical BioMedics' Topricin Listed on Top Recommended OTC Health Products 2Joseph A. Sparano, MD, Named Vice Chair of ECOG-ACRIN Cancer Research Group 2Joseph A. Sparano, MD, Named Vice Chair of ECOG-ACRIN Cancer Research Group 3New Temperature Control Products Announced by Oven Industries Inc. 2
... , , SAN CARLOS, Calif., July 31 ... at the upcoming BMO Capital Markets 9th Annual Focus on ... Wednesday, August 5, 2009 at 1:45 p.m. Eastern time. , , ... link posted on the Investor Relations, Events Calendar section of the Nektar ...
... SAN MATEO, Calif., July 31 NeurogesX, Inc. (Nasdaq: ... commercializing novel pain management therapies, today announced it will hold a ... (6:00 a.m. PT) to report results for its second quarter 2009. ... hosted by Anthony DiTonno, President and Chief Executive Officer, and Stephen ...
... Va., July 31 Insmed Inc. (Nasdaq: INSM ... a conference call on Thursday, August 13(th), at 8:30 AM ... 2009. Insmed intends to issue its quarterly financial results ... , To participate in the live conference ...
Cached Biology Technology:Nektar Therapeutics to Present at the BMO Capital Markets 9th Annual Focus on Healthcare Conference in New York City 2NeurogesX to Hold Conference Call to Discuss Second Quarter 2009 Financial Results 2NeurogesX to Hold Conference Call to Discuss Second Quarter 2009 Financial Results 3Insmed to Host Second Quarter 2009 Conference Call 2
(Date:5/17/2013)... The AGA Research Foundation announced a new grant that ... gut microbiota, one of today,s most exciting areas of ... AGA Research Awards Panel selected Andrew T. Chan, MD, ... Harvard Medical School, Boston, as the 2013 AGA-Elsevier Gut ... $25,000 of funding, commencing in July 2013, to test ...
(Date:5/17/2013)... the South, but the night belongs to the amphibians. ... the humidity and the sounds of wildlife. , The ... and salamanders, is the center of amphibian biodiversity in our ... for their symphonic choruses, the scientists of the U.S. Geological ... seats. , Amphibians, which rely on water for ...
(Date:5/17/2013)... at Rutgers, The State University of New Jersey, and ... new formulation called Visikol TM that effectively clears ... used in place of chloral hydrate, which is one ... which is tightly regulated by the Drug Enforcement Administration ... Clearing solutions, or clearing agents, are vital for viewing ...
Breaking Biology News(10 mins):New gut microbiome research to explore red meat -- colorectal cancer pathway 2Front-row seats to climate change 2Front-row seats to climate change 3Front-row seats to climate change 4New formula invented for microscope viewing, substitutes for federally controlled drug 2New formula invented for microscope viewing, substitutes for federally controlled drug 3
... PHILADELPHIA A new study by University of Pennsylvania ... humans, that ventilators combined with diaphragm disuse contributes to ... eighteen hours. Muscle atrophy in the diaphragm is a ... mechanical ventilation often have difficulty breathing after being removed ...
... German . , The "Large Molecule Heimat" ... forming region Sagittarius B2. In this source of only 0,3 ... formed star, most of the interstellar molecules known to date ... ethyl alcohol, formaldehyde, formic acid, acetic acid, glycol aldehyde (a ...
... Humans have regularly been introducing exotic species into ... nutritional necessities or meet less indispensable purposes such ... environments are not always adapted for hosting new ... wild rabbit into Australia or brown fario trout ...
Cached Biology News:Long-term use of mechanical ventilation contributes to the deterioration of human diaphragm muscle 2New organic molecule in space 2Conservation of freshwater fish biodiversity: a challenge for the countries of the South 2Conservation of freshwater fish biodiversity: a challenge for the countries of the South 3
{3,8-diamino-5-[3-(diethylmethylammonio)propyl]-6-phenylphenanthridinium diiodide}. ,250 ug/ml Propidium Iodide (PI) in PBS....
Detects caspase activation by flow cytometry....
Apoptosis Detection Systems and Reagents...
...
Biology Products: