Navigation Links
Cardiogenesis Reports First Quarter 2008 Results
Date:5/15/2008

Company reports 21% sequential growth in domestic handpiece unit sales

IRVINE, Calif., May 15 /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 first quarter ended March 31, 2008.

Sales in the first quarter of 2008 totaled $2,982,000, a 12% decrease from the prior year first quarter sales of $3,370,000. During the first quarter of 2008, the Company sold three lasers and 540 handpiece units as compared to five lasers and 656 handpieces during the first quarter of 2007. The lower revenue in the current year quarter is primarily attributable to a $260,000, or 11%, decline in disposable handpiece revenue, and a $104,000, or 14%, decrease in capital sales as compared with the prior year quarter.

"We are very encouraged by the 21% sequential growth in domestic sales of disposable units from the fourth quarter of 2007. We believe it is an indication of the impact our new sales team is having in establishing themselves and increasing the usage of our technology," commented Richard Lanigan, Cardiogenesis' President. Lanigan also noted "The Company continues to balance its investment in sales and marketing with its finances. A combination of an increased ending cash balance of $2,917,000, and the fact that we were essentially break even from operations in the first quarter, means that we can continue to invest in "feet on the street" to maintain our sales momentum."

Cardiogenesis reported a first quarter 2008 operating loss of $37,000 as compared with operating income of $465,000 in the prior year quarter. The net loss for the quarter was $36,000, or $0.00 per basic and diluted share, as compared with net income of $327,000, or $0.01 per basic and diluted share, in the 2007 first quarter.

Gross margin was 82% of sales for the first quarter of 2008 as compared with an 81% gross mar
'/>"/>

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

Page: 1 2 3 4 5 6

Related medicine news :

1. Cardiogenesis Receives FDA Approval for PEARL 5.0 Robotic Hand Piece
2. Cardiogenesis Corporation to Report 2007 Fourth Quarter and Year-End Results on March 4th
3. Cardiogenesis Corporation Reports Delay in Earnings Release and Conference Call
4. Cardiogenesis Corporation Announces Rescheduled Fourth Quarter and Full Year 2007 Earnings Release
5. Cardiogenesis Corporation to Report 2008 First Quarter Results on May 15th
6. New Study Reports High Injury Rates for Hotel Workers, Even Higher Rates for Women and Nonwhites
7. Haemacure Reports Third Quarter 2007 Results
8. First-Ever List of the 5,000 Fastest-Growing Businesses Reports Total Revenue of $194.5 Billion
9. Consumer Reports Analysis: Drugs for Nerve Pain, Fibromyalgia Effective, But Not Always Best
10. MDS Reports Third Quarter 2007 Results
11. Allied Healthcare Reports Strong Fourth Quarter, Flat Net Income for Fiscal 2007 vs. 2006
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/25/2014)... Tucson, AZ (PRWEB) July 25, 2014 ... Solutions , a Nuanced Media client and the ... medical and dental employee handbooks, announced their partnership ... , TransAct is a registered ISO/MSP of Chase ... in the transaction processing industry. Companies that are ...
(Date:7/25/2014)... This is a professional and in-depth ... (GOS) industry in Global and China. The ... including definitions, applications and industry chain structure. Global ... provided with a focus on history, developments, trends ... between the international and Chinese situation is also ...
(Date:7/25/2014)... 2014 Drexel University College of Medicine ... MS, FACP, has been appointed vice dean for education, effective ... from The Commonwealth Medical College, where she is currently chair ... affairs, and professor of medicine. , As a member ... Weber had a major role in many aspects of the ...
(Date:7/25/2014)... 24, 2014 (HealthDay News) -- Shift workers, especially men, may ... people not on such schedules, a new study suggests. ... on a set schedule, with shifts moving around at various ... all surprising," said one expert, Dr. Alan Manevitz, a clinical ... "Physicians have long known that working shifts disrupts many key ...
(Date:7/25/2014)... FRIDAY, July 25, 2014 (HealthDay --, Treatment for lymphoma ... Hodgkin lymphoma and non-Hodgkin lymphoma, which are cancers of ... who are still in their reproductive years. For men, ... production. Although most men regain their fertility within two ... be counseled about the possibility of this significant side ...
Breaking Medicine News(10 mins):Health News:Nuanced Media Client, CEDR HR Solutions, Partners with TransAct to Serve Medical, Dental, and Eye Care Professionals 2Health News:GOS Market (Galacto-oligosaccharides) Development in Global & China Regions Now Available at DeepResearchReports.com 2Health News:GOS Market (Galacto-oligosaccharides) Development in Global & China Regions Now Available at DeepResearchReports.com 3Health News:Valerie D. Weber, MD, Appointed Vice Dean for Education at Drexel University College of Medicine 2Health News:Valerie D. Weber, MD, Appointed Vice Dean for Education at Drexel University College of Medicine 3Health News:Study Links Shift Work to Risk for Type 2 Diabetes 2Health News:Study Links Shift Work to Risk for Type 2 Diabetes 3Health News:Lymphoma Treatment May Harm, Halt Men's Sperm Production 2
... By Amanda Gardner HealthDay Reporter , TUESDAY, May ... preliminary, genetic test that seems to predict which breast cancer ... in turn, could greatly help guide treatment, according to a ... of the American Medical Association . The findings are ...
... , TUESDAY, May 10 (HealthDay News) -- Shortages of anesthetics ... of a new survey. The findings revealed that more ... 1,350 from the United States) are experiencing a shortage of ... percent of the respondents encountered a similar problem, the poll ...
... 10 (HealthDay News) -- Many tanning salons in the United ... cancer risks posed by tanning beds, according to a new ... more than 3,800 white females aged 14 to 22 from ... attitudes and behavior. The survey found that 43 percent ...
... About 14 percent of strokes happen while people are sleeping, ... the hospital in time for a potentially brain-saving treatment, a ... ischemic stroke must be given within a few hours after ... symptoms often can,t receive the treatment since we can,t determine ...
... the disturbing act of self-injury is nothing new to ... identified a more severe type of behavior that is ... and under-reported, Self-Embedding Behavior (SEB) is a form of ... tissue either under the skin or into muscle. ...
... the prevalence of overall cardiovascular risk in the Spanish working ... risk (8% on men and 2% in women). This prevalence ... the farming sector, followed by construction, industry and services. ... level of cardiovascular risk, but only a minority of these ...
Cached Medicine News:Health News:Genetic Test Shows Promise in Guiding Breast Cancer Care 2Health News:Genetic Test Shows Promise in Guiding Breast Cancer Care 3Health News:Shortage of Anesthetics Reported 2Health News:Too Few Teens Know the Dangers of Tanning Beds: Poll 2Health News:Research Suggests 1 in 7 Strokes Happens During Sleep 2Health News:A new study on self-injury behavior encourages quick and targeted intervention 2Health News:6 percent of Spanish workers have high cardiovascular risk 2
(Date:7/24/2014)... , July 24, 2014  IRIDEX Corporation (NASDAQ: ... release its second quarter 2014 financial results after the ... In conjunction with the release, the Company will host ... 5:00 p.m. Eastern Time on Thursday, July ... quarter and other business developments. Interested parties ...
(Date:7/24/2014)... 24, 2014 Omnicell, Inc. (NASDAQ: ... and supply management solutions and analytics software for ... 31, to discuss the Company,s Second Quarter 2014 ... 2014 earnings conference call and webcastWhen: , ... Lipps, chairman, president and chief executive officer ...
(Date:7/24/2014)... Laboratories, Inc. (NYSE MKT: IG), a New Jersey based specialty ... for the second quarter ended June 30, 2014. ... $6.5 million in the second quarter of 2014, an increase ... Total revenues of $13.3 million for the six months ended ... period in 2013 , Total revenues generated from the ...
Breaking Medicine Technology:Omnicell to Release Second Quarter 2014 Earnings Results on July 31 2IGI Laboratories Announces Second Quarter 2014 Results 2IGI Laboratories Announces Second Quarter 2014 Results 3IGI Laboratories Announces Second Quarter 2014 Results 4IGI Laboratories Announces Second Quarter 2014 Results 5IGI Laboratories Announces Second Quarter 2014 Results 6IGI Laboratories Announces Second Quarter 2014 Results 7
... MINNEAPOLIS, Jan. 19, 2012 Zyga Technology, Inc. announced ... the company and will serve as Vice President of ... (Logo: http://photos.prnewswire.com/prnh/20110118/CG30384LOGO ) Joe ... Medical Device Industry.  He began his career at Codman ...
... Berkery Noyes, an independent middle market investment bank, today ... trend report for the Pharma & Healthcare ... report analyzes the sector for 2011 and compares it ... includes information and technology companies servicing pharmaceutical, healthcare payer, ...
Cached Medicine Technology:Zyga Technology, Inc. Makes Two Key Additions to the Sales Leadership Team 2Berkery Noyes Releases 2011 Pharma & Healthcare Information and Technology Industry Mergers & Acquisitions Report 2Berkery Noyes Releases 2011 Pharma & Healthcare Information and Technology Industry Mergers & Acquisitions Report 3
The Shandon Citadel is a low cost, reliable, time-tested carousel-type tissue processor with convenient touch key operation. The Citadel 2000 has 110 cassette capacity and the Citadel 1000 has a cap...
... Senior Grossing Wokrstation is a durable, ... for gross examination and sectioning of ... 3 efficient ventilation systems and options ... water faucets, table rinses, disposals and ...
The HypercleanTM 1 is a versatile, durable fume handling station. The Hyperclean 1 fume handling station unit comes complete with one (1) blower unit and one (1) charcoal filter....
... Gross-Star Grossing Workbench is a durable, ... gross examination and sectioning of specimens. ... ventilation with a choice of 3 ... for cold/hot water faucet, optional formalin ...
Medicine Products: