Original Equipment Manufacturer

Third-quarter sales slip, losses narrow for AdvanSource Biomaterials

February 17, 2010 by MassDevice staff

AdvanSource Biomaterials posts third-quarter sales of $668,000, down 3 percent, but narrows net losses nearly 46 percent.

AdvanSource Biomaterials Corp. (AMEX:ASB) managed to pare its net losses during the third quarter, despite a decline in royalties from its medical device customers.

The Wilmington, Mass.-based polymer maker reported sales of $668,000 for the three months ended Dec. 31, 2009, down 2.9 percent compared with $688,000 during the third quarter of fiscal 2009. Net losses narrowed 45.8 percent to $542,000, compared with net losses of $1 million during Q3 2009.

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Brooks Automation's Q1 sales rise, net losses narrow

February 5, 2010 by MassDevice staff

Semiconductor imaging components maker Brooks Automation posts a 45 percent first-quarter sales hike and narrows its Q1 net losses by 92 percent.

Brooks Automation Inc. (NSDQ:BRKS) boosted its top line and slashed losses during the first quarter.

Revenues for the Chelmsford, Mass.-based semiconductor imaging components maker neared $106.2 million for the three months ended Dec. 31, 2009, compared to revenues of $73.4 million during the same period last year. Compared with the fourth quarter last year, sales rose 65.7 percent from $64.1 million.

Brooks pared its Q1 net losses to
$2.8 million, or 4 cents per diluted share, from $35.1 million, or 56 cents per diluted share, during Q1 2009. Net losses were also down sequentially from $14.5 million during Q4 2009.

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Bottom line dips for ICU Medical despite Q4 sales boost

February 2, 2010 by MassDevice staff

ICU Medical Inc.'s bottom line slid 18 percent during the fourth quarter, despite a 23 percent increase in Q4 revenues.

ICU Medical Inc. (NSDQ:ICUI) posted fourth-quarter sales of $69.8 million for the three months ended Dec. 31, 2009, up 23 percent compared with $56.7 million during the same period last year. Net income fell 18 percent to $7.4 million, compared with $9 million during Q4 2008:

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Riverside partners Tegra with Mississippi contract manufacturer

January 15, 2010 by MassDevice staff

Private equity firm Riverside Partners acquires a majority stake in CTW Inc. to bolster the manufacturing capabilities of one of its existing portfolio companies, Tegra Medical of Franklin, Mass.

Riverside Partners is wasting little time putting its latest private equity fund to work, announcing the acquisition of a majority stake in a contract manufacturing company in Mississippi and partnering the new acquisition with Franklin, Mass.-based Tegra Medical.

The new pact is intended to extend both companies' reach with OEMs in the orthopedic market. In particular, South Hernando, Miss.-based CTW Inc. has a strong position producing components for spine and trauma devices as well as knee, hip and dental applications. The company was founded in 1976, but has focused solely on precision medical device manufacturing since 2000.

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AdvanSource Biomaterials goes west

January 7, 2010 by MassDevice staff

AdvanSource Biomaterials Corp. expanded its geographic footprint by hiring sales rep Debbie Hauser to cover the western region of North America.

AdvanSource Biomaterials Corp. (NYSE:ASB) is heeding Horace Greeley's advice and heading west.

The Wilmington, Mass.-based advanced polymer maker hired Debbie Hauser to be its sales rep for western North America, in a bid to expand its geographic footprint to the Left Coast.

Hauser, principal and founder of Best Impressions, is an experienced plastics saleswoman with more than 20 years' experience under her belt. She has Bay State roots, having earned plastics engineering degrees from UMass-Lowell. Hauser is based in Cardiff-by-the-Sea, Calif.

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At Employ+Ability, work is good

December 24, 2009 by Joe Nowlan

Employ+Ability Inc., like many of its disabled employees, has been defying the odds for nearly 30 years.

Like many of its 33 employees, for more than 27 years Employ+Ability Inc. has been defying the odds.

As with many American manufacturers, this small original equipment maker in Braintree, Mass., faced the brink when competition from China began prying away business in 2004. The company, which primarily makes hot and cold packs for companies like Covidien (NYSE:COV), Johnson & Johnson (NYSE:JNJ) and Inverness Medical Innovations (NYSE:IMA), lost a $10 million contract to the Far East and the future looked a little grim.

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AdvanSource Biomaterials takes a step back during Q2

November 12, 2009 by MassDevice staff

AdvanSource Biomaterials Corp. (ASB) took a step backwards during the second quarter, when sales slid nearly 50 percent, but still managed to eke out a net profit for the three months ended Sept. 30.

The Wilmington, Mass.-based firm, which makes polymers used for medical devices, posted sales of $518,000 during the second quarter of fiscal 2010, down 47.6 percent compared with $989,000 during the same period last year.