Navigation Links
STAAR Surgical Reports Solid First Quarter Progress
Date:5/6/2008

se compared to the first quarter of 2007. The increase is due to incremental costs of STAAR Japan of $173,000, partially offset by a 5% decrease in spending in the U.S.

Included in selling, general, and administrative expenses for the three months ended March 28, 2008, was a non-cash settlement loss of approximately $3.9 million associated with the Company's acquisition of STAAR Japan. Prior to the acquisition, Canon Marketing Japan, Inc. had an exclusive right to distribute STAAR Japan's products in Japan on terms that were deemed unfavorable to STAAR Japan and to STAAR when compared to the terms of a comparable at-market distribution arrangement. The $3.9 million loss represents the portion of the purchase price allocated under the accounting rules to the settlement of the unfavorable pre-existing distribution arrangement.

Net loss was $8.9 million or $0.30 per common share, compared with $3.5 million or $0.14 per common share in the first quarter of 2007 and $4.3 million or $0.15 per common share in the fourth quarter of 2007. Of the $8.9 million, $6.0 million resulted from the net loss recorded by STAAR Japan for the quarter, which included $3.9 million in settlement costs and $1.5 million in charges to cost of goods that were recorded as a result of the acquisition.

At March 28, 2008, cash and cash equivalents were $10.5 million compared with $10.9 million at December 28, 2007. During the first quarter of 2008, the Company used approximately $3.4 million in cash for operating activities compared with $2.7 million used during each of the first and fourth quarters of 2007. Approximately $2.5 million of the total cash used in operating activities in the first quarter of 2008 was used by STAAR Japan in assuming distribution from Canon Marketing and for payments on inventory purchased from Canon Marketing.

Cash provided by investing activities was approximately $2.5 million for the first quarter of 2008 and consisted of $2.7 million in ne
'/>"/>

SOURCE STAAR Surgical Company
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12

Related medicine news :

1. STAAR Surgical Announces First Quarter 2008 Earnings Release Date and Conference Call
2. STAAR Surgical Plans Major Presence at ASCRS
3. STAAR Surgical Reports Fourth Quarter and Year End Results
4. STAAR Surgicals Visian ICL Procedure Performed Live on NBCs Today show
5. STAAR Surgical Announces Fourth Quarter and Full Year 2007 Earnings Release Date and Conference Call
6. STAAR Surgical to Present at the Tenth Annual Needham Growth Conference
7. STAAR Surgical Completes $5M Debt Financing for Purchase of Japanese Joint Venture
8. STAAR Surgical to Present at the BMO Capital Markets Focus on Healthcare Conference
9. Barry G. Caldwell Named Chief Executive Officer of STAAR Surgical
10. STAAR Surgical Reports Third Quarter Results
11. STAAR Surgical to Purchase Canons Interest in Japanese Joint Venture
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/22/2015)... 22, 2015 Thousand of GranuFlo lawsuits ... recalled its GranuFlo and NaturaLyte dialysis concentrates continue to ... U.S. District Court, District of Massachusetts, Bernstein Liebhard LLP ... Court has remanded a case filed by the state ...
(Date:1/22/2015)... has released a new blog post presenting the basic features ... Purchasing an accidental death and dismemberment rider for a car ... provides benefits if the insured dies in an accident. Accidental ... life insurance. , AD&D is not expensive and can ...
(Date:1/22/2015)... January 22, 2015 Yesterday, Senator ... (D-Concord) and Kristin Olsen (R-Modesto) were honored by ... in advancing biotechnology, biomedical science, medical device and ... each received the “2014 Life Sciences Champion” award ...
(Date:1/22/2015)... 22, 2015 Four years since the release of ... coincided with the marriage of Avasa & Matthew Love – the ... is scheduled for release through White Swan Records on February 24, ... is a sacred path available to all of us to walk ...
(Date:1/22/2015)... 22, 2015 As interest in the value ... gains momentum worldwide, Rev. Eric J. Hall , president ... (HCCN), will be the keynote speaker on January 27 ... public health system. , The conference, “Hope and Resilience: Innovative ...
Breaking Medicine News(10 mins):Health News:Court Overseeing Federal GranuFlo Lawsuits Remands Louisiana Claim Back to State Court, Bernstein Liebhard LLP Reports 2Health News:Court Overseeing Federal GranuFlo Lawsuits Remands Louisiana Claim Back to State Court, Bernstein Liebhard LLP Reports 3Health News:Court Overseeing Federal GranuFlo Lawsuits Remands Louisiana Claim Back to State Court, Bernstein Liebhard LLP Reports 4Health News:Accidental Death and Dismemberment Insurance Can Be Purchased at Low Prices Online 2Health News:California Biomedical Community Honors Senator Holly Mitchell, Assemblymembers Susan Bonilla & Kristin Olsen 2Health News:California Biomedical Community Honors Senator Holly Mitchell, Assemblymembers Susan Bonilla & Kristin Olsen 3Health News:THE ROAD by Avasa & Matthew Love -- A New Album 2Health News:THE ROAD by Avasa & Matthew Love -- A New Album 3Health News:THE ROAD by Avasa & Matthew Love -- A New Album 4Health News:HealthCare Chaplaincy CEO to Keynote Spiritual Care Summit in Israel 2Health News:HealthCare Chaplaincy CEO to Keynote Spiritual Care Summit in Israel 3
... Dec. 2 The nationally recognized Consumer Watchdog sent ... fulfill his campaign pledge to make health care affordable ... regardless of age. The group warned Obama that a ... Americans to buy private health insurance policies "amounts only ...
... British Medical Journal study finds natural, less expensive treatments ... , PRINCETON, N.J., Dec. 2 ... holiday season is, for most, anticipated with excitement. ... from Irritable Bowel Syndrome (IBS), the holidays can be ...
... WILKES-BARRE, PA. Patients treated with radiation prior ... of cancer recurrence and better overall survival rates, according ... a treatment called neoadjuvant therapy, which can reduce cancerous ... surgery to remove the tumor. Neoadjuvant therapy may include ...
... Findings published in the December 1, 2008, issue of ... American Association for Cancer Research, show lapatinib benefits women ... cancer or those who express EGRF alone derive no ... cancer patients by as much as 10 percent prevents ...
... Dec. 2 /PRNewswire-FirstCall/ - NUCRYST Pharmaceuticals Corp., a ... infection and inflammation, announced today that its Board ... The Westaim Corporation ("Westaim"), a requisition to call ... return of capital of US$0.80 per share to ...
... WASHINGTON, Dec. 2 Today Pascal Metrics Inc.,publicly announces ... for hospitals and healthcare systems. Serving clients since ... clients seeking to,comply with Joint Commission and other regulatory ... reliable - to make patients safer from,medical failure and ...
Cached Medicine News:Health News:Consumer Watchdog to Obama: Open Medicare to All Americans 2Health News:Consumer Watchdog to Obama: Open Medicare to All Americans 3Health News:Holiday Season Brings New Hope to Millions Who Suffer from Common Chronic Health Disorder 2Health News:HER2 levels may aid in treatment selection for metastatic breast cancer 2Health News:NUCRYST Receives Requisition to Call a Special Meeting of Shareholders From Majority Shareholder 2Health News:NUCRYST Receives Requisition to Call a Special Meeting of Shareholders From Majority Shareholder 3Health News:Pascal Metrics Announces Patient Safety Culture Services Offering 2
(Date:1/23/2015)... Fla. , Jan. 23, 2015  HyGreen, Inc., a ... agreement and partnership with RCA Medical, a subsidiary of ... . Each year, hundreds of millions ... care-associated infections as organisms are transmitted from patient to ...
(Date:1/23/2015)... Jan. 23, 2015   Leatt Corporation  (OTCQB: LEAT), a ... for all forms of sports, including extreme motor sports, ... announced today that the UISP Lega Motociclismo Lombardia, an ... riders to wear a neck brace during its racing ...
(Date:1/23/2015)... CHENGDU, China , Jan. 23, 2015 Tianyin ... pharmaceutical company that specializes in the development and sale ... branded generics and active pharmaceutical ingredients (API) today announced ... Facility (JCM) API operation. 1. Following the ...
Breaking Medicine Technology:HyGreen Partners with RCA Medical in Johannesburg, South Africa 2Leatt Announces Neck Braces Now Required For Motocross/Minicross Racing In Italy 2Leatt Announces Neck Braces Now Required For Motocross/Minicross Racing In Italy 3TPI's JCM Updates on Import Registration for International Clients 2TPI's JCM Updates on Import Registration for International Clients 3TPI's JCM Updates on Import Registration for International Clients 4
The Hybrid Fixator consists of Three basic components: rings, wires, clamps. Final fracture reduction can be easily performed after frame assembly....
... pelvic fractures is one of the most ... surgeons. , ,Recognizing the difficulties when using ... internal fixation in these types of emergencies, ... a method to provide emergent reduction and ...
... external fixator designed for the quick stabilization ... humerus and forearm. , ,Indications include open ... the treatment of choice due to soft ... fully compatible with the Ace-Fischer System. The ...
... Stabilization with the Orthofix Pelvic Fixator ... inserted into the pelvis, and a fixator ... joined by a connector unit. A supplementary ... or in iliac crest applications. With this ...
Medicine Products: