Synovis Life Technologies Inc. (NSDQ:SYNO) swung into the black on strong sales growth during the third quarter.
The St. Paul, Minn.-based company reported net earnings of $1.5 million, or 13 cents per diluted share, on revenue of $17.6 million during the three months ended June 30. That compares with a net loss of $4.9 million, or 42 cents per diluted share, on sales of $15 million during the same period last year.
CEO Richard Kramp credited the company’s year-old investment in its direct sales force for the improvement.