During the second quarter of 2008, 382 disposable TMR kits were shipped, consisting of 347 to hospitals in the U.S. by Novadaq Technologies Inc., PLC's U.S. marketing and distribution partner, in addition to 35 kits shipped internationally by PLC. In comparison, a total of 390 and 454 disposable TMR kits were shipped worldwide during the first quarter of 2008 and the second quarter of 2007, respectively.
Also during the second quarter of 2008, PLC shipped six CO2 Heart Lasers (HL2) to U.S. hospitals through Novadaq, comprised of two new systems and four redeployments, compared to six HL2s shipped in the second quarter of 2007, of which five were new systems and one was a redeployed unit. The majority of the overall revenue decline on a year-over-year basis is attributable to a lower selling price on the mix of systems sold in the second quarter of 2008 compared to the same period in 2007. PLC ended the second quarter of 2008 with 172 HL2 CO2 Heart Lasers located at heart centers throughout the U.S.
Six Months' Results
For the first half of 2008, PLC reported total revenues of $2,478,000 compared to $3,425,000 in the same period in 2007. The net loss for the 2008 first half was $1,433,000, or $0.05 per diluted share, compared to a net loss of $1,049,000, or $0.03 per diluted share, in the first six months of 2007.
PLC Systems will host a conference call today, August 6, 2008, at 11:00
a.m. ET to discuss these matters. The call may be joined by dialing (866)
543-6411, or internationally, (617) 213-8900, at least ten minutes prior to
the start of the call. The passcode is 90750239. A live webcast of the call
will be accessible at the investor relations section of the Company's
website at http://www.plcmed.com. An archived webcast of the conference call will
be available beginning one ho
|SOURCE PLC Systems Inc.|
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