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Home » Bacterin Q1 sales bound 120 percent | Earnings roundup

Bacterin Q1 sales bound 120 percent | Earnings roundup

May 12, 2011 By MassDevice staff

MassDevice.com Earnings Roundup

MassDevice keeps a close eye on public medical device companies, tracking their quarterly sales and earnings reports. For the most recent filings, check out our Earnings Roundup, where we collect each quarter’s reports.

Here’s a quick rundown of a few releases over the past couple days:

Bacterin Q1 sales bound 120 percent
Bacterin International Holdings Inc. (NYSE Amex:BONE) posted net income of $4.9 million, or 11 cents per diluted share, on sales of $6.0 million during the three months ended March 31. That compares with a loss of $1.6 million, or 0 cents per diluted share, on sales of $2.7 million during the same period last year.
Read more

Transgenomic losses widen despite uptick in sales
Transgenomic Inc. (OTC:TBIO) posted a loss of $2.8 million, or 6 cents per diluted share, on revenue of $7.5 million during the three months ended March 31. That compares with a loss of $324,000, or 1 cent per diluted share, on revenue of $5.4 million during the same period last year.
Read more

InSite Vision losses ease after sales boost
InSite Vision Inc. (OTC:INSV) reported a loss of $2.4 million, or 3 cents per diluted share, on revenue of $3.1 million during the three months ended March 31. That compares with a loss of $2.9 million, or 3 cents per diluted share, on revenue of $2.3 million during the same period last year.
Read more

Electromed sees bump in profts after strong sales
Electromed Inc. (NSDQ:ELMD) posted profits of $487,429, or 6 cents per diluted share, on sales of $5.2 million during the three months ended March 31. That compares with profits of $474,658, or 8 cents per diluted share, on sales of $4.2 million during the same period last year.
Read more

Tengion carries on without revenue
Tengion Inc. (NSDQ:TNGN) posted losses of $10.1 million, or $14.33 per diluted share, on no revenue during the three months ended March 31. That compares a loss of $7.0 million, or 45 cents per diluted share, on no revenue during the same period last year.
Read more

Kips Bay losses ease as company begins sales
Kips Bay Medical Inc. (NSDQ:KIPS) posted losses of $909,000, or 6 cents per diluted share, on sales of $110,000 during the three months ended April 2. That compares a loss of $3.5 million, or 27 cents per diluted share, on no revenue during the same period last year.
Read more

Filed Under: MassDevice Earnings Roundup, News Well Tagged With: Bacterin International Holdings Inc., Electromed, InSite Vision Inc., Kips Bay Medical Inc., Q1, Tengion Inc., Transgenomic Inc.

In case you missed it

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  • FDA clears Acutus Medical suite of universal transseptal crossing devices
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  • Innocoll Biotherapeutics initiates Phase 3 trials for collagen drug-device
  • More than 50 medtech testing sites win FDA pilot accreditation
  • EU won’t renew J&J, AstraZeneca vaccine contracts, report says
  • Better Therapeutics initiates real-world study for digital therapeutic for diabetes

RSS From Medical Design & Outsourcing

  • Greenlight Guru to provide QMS to NIH diagnostics program
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  • MicroCare names CFO
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  • Mayo Clinic helps launch two new companies for improved diagnostics
    Mayo Clinic announced that it is introducing a new technology platform to support two new companies it has launched. Rochester, Minn.–based Mayo Clinic’s Remote Diagnostics & Management Platform (RDMP) is designed to connect data with new AI algorithms and augment human decision-making within existing clinical workflows, according to a news release. Get the full story… […]
  • Intertek gains FDA nod for premarket device testing
    Intertek has won accreditation under an FDA pilot program for testing laboratories, the company said this week. The accreditation authorizes Intertek’s 12 “medical centers of excellence” to perform premarket testing of devices for the U.S. market. The Accreditation Scheme for Conformity Assessment pilot program is a voluntary program developed to provide increased confidence in testing… […]
  • HHS shoots down ‘flawed’ plan to let some devices skip review
    The Biden administration has nixed what it described as a “flawed” Trump-era decision to exempt certain medical devices — including infusion pump controllers and fetal monitors — from regulatory review. HHS published the original notice in the Federal Register on Jan. 15, shortly before President Joe Biden was set to take office, without speaking with… […]
  • More than 50 medtech testing sites win FDA pilot accreditation
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  • Medline Industries up for sale?
    Medline Industries is looking for a buyer in a deal that could be worth $30 billion, according to a report in the Wall Street Journal. The Journal cites “people familiar with the matter” saying that Northfield, Ill.-based Medline has hired Goldman Sachs to manage the process. The people added that the company might alternatively seek… […]
  • Micro to add plant in Costa Rica
    Contract manufacturer Micro today announced plans to open a new plant in Costa Rica. The 32,000 ft² facility will significantly increase Micro’s cleanroom assembly capacity, according to the Somerset, N.J.-based company. It will be located in the Zona Franca Metro business park and is expected to open in late 2021 with operations beginning in 2022.… […]
  • Survey shows solid medical device industry performance despite pandemic
    By Stewart Eisenhart, Emergo Group Medical device and IVD manufacturers report healthy performance over the course of 2020, but also faced significant operational and regulatory challenges related to the coronavirus pandemic. Get the full story here at the Emergo Group’s blog. The opinions expressed in this blog post are the author’s only and do not… […]
  • Cardinal Health wins $58M federal PPE contract
    Cardinal Health (NYSE: CAH) today said it has won a $57.8 million contract from the U.S. Dept. of Health and Human Services to support the Strategic National Stockpile. The Dublin, Ohio-based company received the contract, which includes options that if exercised by the HHS could reach $91.6 million, to store and distribute 80,000 pallets of… […]
  • Qosina adds single-use bioprocessing devices
    Qosina this week launched its product line for the single-use bioprocess industry. The new product line includes tube-to-tube bard connectors, luer fittings, check valves, tubing pinch clamps, tubing, steam thru connectors and more. Get the full story on our sister site, Medical Tubing + Extrusion. The post Qosina adds single-use bioprocessing devices appeared first on […]

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