Bacterin Q1 sales bound 120 percent | Earnings roundup

May 12, 2011 By MassDevice staff

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.
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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.
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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.
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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.
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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.
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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.
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The George Floyd case has rocked a major U.S. medtech hub: Here’s what industry leaders think
Major medtech companies with a presence in the Minnesota have been calling for peace, unity and racial justice following the death of George Floyd in police custody and the resulting demonstrations and violence. Executives from Boston Scientific, Medtronic and the Medical Alley Association have penned open letters expressing their concerns and pledging to do better.… […]
Performance Motion Devices touts new Juno outer loop control ICs
Performance Motion Devices announced the launch of its Juno outer loop control ICs for use in medical, industrial and military applications. The Westford, Mass.-based company’s new Juno product joins a portfolio of velocity and toque control ICs (integrated circuits) used for spindle control, centrifuge control, precision torque control and other liquid handling and laboratory automation… […]
Lille Group releases Cardiac Signals cloud-based patient monitoring software
Lille Group announced today that it launched its Cardiac Signals cloud-based software platform for healthcare professionals to monitor cardiac patients remotely. The secure platform enables cardiology practices and hospitals to manage cardiac patients remotely with ease and efficiency, which is aimed to help during a potential telehealth boom as the COVID-19 pandemic continues and onsite… […]
The secret to building a successful medtech career
In this week’s DeviceTalks Weekly podcast, Edwards Lifesciences executive Dr. Todd Brinton shares the one trait he looks for in job candidates that can trump talent and ability. Brinton, who is VP of advanced technology and chief scientific officer at Edwards Lifesciences (NYSE:EW), also offered tips on when candidates need to shift from conforming to differentiating.… […]
Medtronic is making its ‘artificial lung’ therapy available for COVID-19 treatment
Medtronic (NYSE:MDT) is temporarily modifying product indications so that health providers can use its extracorporeal membrane oxygenation (ECMO) technology to treat people with severe cases of COVID-19. ECMO could be described as a type of “artificial lung” technology that pumps blood from a person’s body to an oxygenator that provides long-term oxygen and carbon-dioxide transfer. Medtronic… […]
Using gold nanoparticles to detect COVID-19
Scientists from the University of Maryland School of Medicine have developed an experimental diagnostic test for COVID-19 that they say can visually detect the presence of the virus in 10 minutes. It uses a simple assay containing plasmonic gold nanoparticles to detect a color change when the virus is present. The test does not require… […]
Jama Software debuts medtech software
Jama Software (Portland, Ore.) announced this week that it has introduced new software for medical device development. The company described Jama Connect as a solution designed to help engineering teams better manage device requirements, risk and design control. The new software is also designed to make regulatory submissions and audit preparations a straightforward process and… […]
Could this fabric protect against a strain of coronavirus?
Noble Biomaterials announced today that third-party testing showed one of its metallized fabrics reduced the viability of a common, strong strain of coronavirus. In testing conducted by BioScience Laboratories, Noble Biomaterials’ X-Static fabric reduced the survival of human coronavirus OC43 six times faster than the unmetallized control fabric, according to the Scranton, Pa.-based company. X-Static… […]
How gas and liquid valves improve medtech performance and efficiency
While the miniature solenoid valves might be simple in their core technology, their continued evolution makes them valuable and effective components for controlling the flow, direction and pressure of gases and fluids in today’s medical devices. Paul Gant, Emerson Automation Solutions With automated functions, excellent reliability and long life, it’s no surprise that gas and liquid… […]
Astrodyne TDI and Digi-Key Electronics join forces
Power supply and EMI filter manufacturer Astrodyne TDI announced today that it has joined Digi-Key Electronics’ DK+ Marketplace, a new B2B electronics sales site open to suppliers and distributors to offer their products and services on DigiKey.com. This new venture will make Astrodyne TDI’s medical and industrial power solutions available for immediate delivery to Digi-Key’s engineering… […]
How to meet challenges with innovative machining
CNC is a technique for automating control of machine tools using software rooted in a microcomputer affixed to the tool. It is frequently used in manufacturing for machining metal and plastic parts. John Cross, Micro Data drive the accuracy and efficiency of the computerized numerical control (CNC) machines coming onto the market today. The latest… […]