Navigation Links
Cardiogenesis Reports Fourth Quarter and Full Year 2007 Results
Date:3/25/2008

Company reports full year operating income of $856,000

IRVINE, Calif., March 25 /PRNewswire-FirstCall/ -- Cardiogenesis Corporation (Pink Sheets: CGCP), a leading developer of surgical products and accessories used in angina-relieving procedures, today reported financial results for its fourth quarter and fiscal year ended December 31, 2007.

Sales in the fourth quarter of 2007 totaled $2,767,000, a 24% decrease from the prior year fourth quarter sales of $3,664,000. During the fourth quarter of 2007, the Company sold three lasers and 462 handpiece units as compared to four lasers and 674 handpieces during the fourth quarter of 2006. The lower revenue in the current year quarter is primarily attributable to a $732,000, or 29%, decline in disposable handpiece revenue, and a $174,000, or 20%, decrease in capital sales as compared with the prior year quarter.

Sales for the year ended December 31, 2007 totaled $12,059,000, a decrease of approximately 30% from the $17,117,000 of sales recorded for the year ended December 31, 2006. The decrease in sales as compared with the prior year is primarily attributable to a $3,251,000, or 28%, decline in disposable handpiece revenue and a $1,927,000, or 43%, decline in capital sales. During the year ended December 31, 2007, the company sold 14 lasers and 2,293 handpieces as compared to 22 lasers and 3,162 handpieces in the prior year period.

"In addressing the reduction in sales during 2007, we are encouraged by the progress we have made in the second half of 2007 in expanding our sales force to support increasing sales going forward, finishing the year with 17 sales/clinical professionals in the field compared to 10 at the beginning of the year," commented Richard Lanigan, Cardiogenesis' President.

Cardiogenesis reported a fourth quarter 2007 operating loss of $32,000 as compared with an operating loss of $947,000 in the prior year quarter. The net loss for the quarter was $84,000,
'/>"/>

SOURCE Cardiogenesis Corporation
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7

Related biology technology :

1. Cardiogenesis Corporation to Report Third Quarter 2007 Results on November 14th
2. EpiCept Reports Expansion of Clinical Development For Licensed Cancer Compound
3. QMed, Inc. Reports July Medicare SNP Enrollments
4. Phlo Affiliate Reports Expanded Coverage to Oregon Border
5. Healthcare Technologies Reports Loss for 2007 Second Quarter & Six Months Results
6. Dragon Pharmaceutical Reports Growth in Sales and Profits during Second Quarter of 2007
7. Carrington Reports Second Quarter 2007 Results
8. Avitar Reports Third Quarter Financial Results for Fiscal 2007
9. Response Genetics Reports Second Quarter 2007 Financial Results
10. Cadence Pharmaceuticals Reports Second Quarter 2007 Financial Results
11. Transgenomic, Inc. Reports Second Quarter 2007 Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/7/2015)... ... July 07, 2015 , ... An aging population, ... of the factors driving the pharmaceutical contract manufacturing market. BCC Research reveals in ... manufacturing organizations (CMOs), are driving market growth. Drug manufacturers are increasing their outsourcing ...
(Date:7/7/2015)... CA (PRWEB) , ... July 07, 2015 , ... ... American Business Women’s Association, offering an exclusive scholarship opportunity for women across the country ... working, committed individual as they continue their education,” said Rochelle Schwartz, Founder of 4MD ...
(Date:7/7/2015)... July 7, 2015  In the farthest reaches of ... the Matsés tribe came together in a quest to ... The gathering, held in May in a remote village ... Brazil , concluded over two years work and ... Encyclopedia ever written by an Amazonian tribe. The 500-page ...
(Date:7/7/2015)... DEARBORN, Mich. , July 7, 2015  SME,s ... for its third-annual "30 Under 30" issue, celebrating young ... in manufacturing. The July issue of ... young manufacturing professionals and students for their accomplishments. Among ... with the U.S. Air Force on optimizing the topology ...
Breaking Biology Technology:More Drug Companies Increasing Outsourcing Budgets; CMO Partners Spring Up as Market Thrives, According to BCC Research 2More Drug Companies Increasing Outsourcing Budgets; CMO Partners Spring Up as Market Thrives, According to BCC Research 34MD Medical Announces $2,000 Scholarship Opportunity in Conjunction with American Business Women’s Association (ABWA) 24MD Medical Announces $2,000 Scholarship Opportunity in Conjunction with American Business Women’s Association (ABWA) 3Amazonian Tribe Creates First Encyclopedia of Indigenous Medicine 2Amazonian Tribe Creates First Encyclopedia of Indigenous Medicine 3Amazonian Tribe Creates First Encyclopedia of Indigenous Medicine 4SME's Advanced Manufacturing Media Recognizes "30 Under 30" Future Leaders of Manufacturing 2SME's Advanced Manufacturing Media Recognizes "30 Under 30" Future Leaders of Manufacturing 3SME's Advanced Manufacturing Media Recognizes "30 Under 30" Future Leaders of Manufacturing 4SME's Advanced Manufacturing Media Recognizes "30 Under 30" Future Leaders of Manufacturing 5
... May 23, 2012  PAREXEL International Corporation (NASDAQ: ... the Goldman Sachs Healthcare Conference in Ranchos Palos Verdes, ... Officer will present at 4:00 p.m. PT on Wednesday, ... presenting at the Jefferies Healthcare Conference in New York.  ...
... To modify a metal surface at the scale of ... wiring in computer chips or the reflective silver in ... the process may seem high-tech and precise, the technique ... the underlying physics. In a new study, Brown University ...
... May 22, 2012  ETEX Corporation, an advanced biomaterials company, ... Biomaterial Congress, June 1-5, 2012 in Chengdu, China. ETEX ... programs. Dr. Jerry Chang, Head of R&D ... " Enhanced Calcium Phosphate Cements for Vertebral Augmentation " ...
Cached Biology Technology:PAREXEL International To Present At Goldman Sachs Healthcare Conference And Jefferies Healthcare Conference 2How ion bombardment reshapes metal surfaces 2How ion bombardment reshapes metal surfaces 3ETEX Corporation to present at the 9th World Biomaterial Congress 2
(Date:6/24/2015)... June 22, 2015 ... addition of the "Huawei Ascend Mate 7 ... to their offering. Huawei,s technological choice ... opposite direction than Apple,s and Samsung,s one. The ... developed by Fingerprint Cards, a main actor in ...
(Date:6/23/2015)... June 23, 2015  Crossmatch™, a leading ... today announced enhanced functionality of its DigitalPersona ... The enhancements build on the native flexibility ... Altus platform and provide expanded mobile credential ... In today,s environment of increasing cyber-attacks and ...
(Date:6/17/2015)... June 17, 2015  Synaptics Inc. (NASDAQ: ... today announced that Xiaomi, one of the world,s ... ClearPad ® family of capacitive touchscreen ... circuits (DDICs) for its latest smartphones, the Xiaomi ... for full in-cell display solutions and DDICs in ...
Breaking Biology News(10 mins):Huawei Ascend Mate 7 Fingerprint Sensor - Reverse Costing Analysis 2Crossmatch Releases Enhanced DigitalPersona Altus Advanced Authentication Functionality 2Synaptics Touchscreen and Display Driver IC Solutions Power Xiaomi's Latest Flagship Smartphones 2Synaptics Touchscreen and Display Driver IC Solutions Power Xiaomi's Latest Flagship Smartphones 3
... will partner with researchers at four other institutions ... of cancer under a five-year, $15.2 million award ... Physical Sciences-Oncology Center was launched Oct. 26 as ... network of Physical Sciences-Oncology Centers. Collaborating with Princeton ...
... Adding potent research firepower and fresh physical perspectives to ... new Center on the Microenvironment and Metastasis, which will be ... research centers across the nation being announced today (Oct. 26, ... over 5 years. Cornell will serve as the lead ...
... proteins support cancer cell survival via an identical mechanism, ... Brunelle et al. The study will be published online ... print issue of the Journal of Cell Biology ... one or more anti-apoptotic proteins to avoid death while ...
Cached Biology News:NCI awards $15.2 million to create Princeton Physical Sciences -- Oncology Center 2NCI awards $15.2 million to create Princeton Physical Sciences -- Oncology Center 3NCI awards $15.2 million to create Princeton Physical Sciences -- Oncology Center 4Battling cancer with engineering: NCI funds new $13 million cancer research center led by Cornell 2Battling cancer with engineering: NCI funds new $13 million cancer research center led by Cornell 3Chemosensitivity of cancer cells depends on their protein dependency 2
Complement factor B (human)...
... AccuSpot automates LC micro-fractionation, spotting and ... AccuSpot system, LC eluent can be ... plates, in trace amounts. This allows ... for MALDI-TOF-MS measurements. When used in ...
... a unique new tool, OligoMix for low ... needs in genomics, proteomics, synthetic biology, drug ... MIXTURE of a large number of DESIGNED ... single microtube. OligoMix is made from an ...
... Sigmas 10 Capillary Electrophoresis Running Buffer ... and high throughput demands of todays sequencing ... supplier of TBE to the gel-based sequencing ... large scale capacity to meet your buffer ...
Biology Products: