VirtualScopics Inc. (NSDQ:VSCP) posted a 50 percent increase in total sales during the fourth quarter, capping off a strong 2009.
The company reported revenues of $2.9 million for the three months ended Dec. 31, 2009, up 50 percent compared with $1.9 million during the same period in 2008.
For the year, the Rochester, N.Y.-based quantitative imaging provider for clinical trials reported $10.4 million in sales, up 45 percent from the $7.1 million it reported in 2008.
Net income for the quarter was $92,500, compared to a net loss of $314,000 for the same period last year, according to a press release. For the year, VirtualScopics narrowed its net loss considerably, moving from more than $2.7 million in the red to a net loss of just $279,000 during 2009.
