Somanetics posts Q4 sales increase, earnings plunge

January 21, 2010 by MassDevice staff

Somanetics Corp. posts fourth-quarter sales of $15 million, up 6 percent, but net income slides 55 percent to $2 million.

SMTS logo

Somanetics Corp. (NSDQ:SMTS) posted fourth-quarter sales of $14.5 million for the three months ended Nov. 30, 2009, up 6.3 percent compared with $13.7 million during the same period during fiscal 2008. Net income fell 54.5 percent to $1.5 million, compared with $3.3 million during Q4 2008:

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