Navigation Links
VirtualScopics Reports Record Third Quarter 2008 Revenue and Gross Profit
Date:11/4/2008

Gross profit grows by nearly 100%, operating loss reduced by 44%

ROCHESTER, N.Y., Nov. 4 /PRNewswire-FirstCall/ -- VirtualScopics, Inc. (Nasdaq: VSCP), a leading provider of quantitative imaging for clinical trials, announced today that revenues for the third quarter of 2008 were over $1.8 million, a 33% increase over prior year's third quarter. Revenues for the nine months ended September 30, 2008 were approximately $5.2 million compared to nearly $4.2 million in the comparable period in 2007. The gross profit for the third quarter of 2008 was $809,916 compared to $406,945 in the third quarter of 2007, representing a 99% increase. Gross margin increased to 45%, in the third quarter ended September 30, 2008 compared to 30% in the third quarter of 2007, a 50% improvement. The Company's operating loss for the quarter ended September 30, 2008 was reduced by $431,470, or 44%, to $553,968 compared to $985,438 for the prior year's comparable period.

"We are proud to report the significant financial accomplishments made during the third quarter and for the first nine months of this year," stated Jeff Markin, president and chief executive officer of VirtualScopics. "The 33% increase in revenues coupled with the nearly doubling of our gross profit, and our good cost control, positions us very well to achieve our financial targets for this year." He further added, "Of equal importance was the significant reduction in operating cash outflow during the third quarter of 2008. Our cash outflow from operations (operating loss less depreciation, amortization and stock compensation expense) was reduced by 64% or $362,000 when compared to the comparable quarter of 2007." Mr. Markin concluded, "We are extremely pleased that the plan we put i
'/>"/>

SOURCE VirtualScopics, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6

Related medicine news :

1. VirtualScopics to Present at Two Upcoming Investor Conferences
2. VirtualScopics Schedules Third Quarter 2008 Earnings Announcement
3. VirtualScopics Reports Second Quarter 2008 Results
4. VirtualScopics Receives NASDAQ Delisting Notice; Company Files Appeal to Stay Delisting
5. VirtualScopics Backlog Exceeds a Record $20 Million
6. VirtualScopics Announces $4.35 Million Private Placement
7. Vion Reports 2008 Third Quarter and Nine-Month Results
8. AMICAS Reports Financial Results for the Third Quarter Ended September 30, 2008
9. Neovasc Reports Development Progress, Streamlined Operations and Issuance of Options
10. NxStage Reports Third Quarter 2008 Financial Results
11. Study reports Double Balloon Endoscopy useful for diagnosis and treatment of obscure GI bleeding
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/26/2014)... 2014 Parker & Sons, Inc. ... in heating, cooling and plumbing contractor services throughout ... services in 2014 with regard to air-conditioning systems. ... is known for its incredibly hot summers. Working ... intricacies and details of a wide variety of ...
(Date:12/25/2014)... 2014 The click strand ... strength and durability. Today, the business announces a ... valid until Jan. 30, 2015. , Click strand ... hardwood. BambooFlooringChina.com is a well-known brand in the ... to find a reliable bamboo flooring supplier. , ...
(Date:12/25/2014)... 2014 Product liability lawsuits filed in ... ( http://www.consumerinjurylawyers.com/DePuy/ ) continue to move forward in federal ... issued in the U.S. District Court, Northern District of ... open conference on January 7, 2015, at the Paul ... West Palm Beach, Florida. The Conference is scheduled to ...
(Date:12/25/2014)... Recently, Dylan Queen, a famous online company supplying ... of discounted prom dresses, most of which are priced ... the company, the promotion is valid until Jan. 22, ... the UK market. , The prom dresses in this ... styles: A-line strapless, empire strapless chiffon, one shoulder, floor-length, ...
(Date:12/25/2014)... sells many bamboo products and the business is famous ... announces big discounts on its bamboo mats , which ... the world’s leader in bamboo flooring. According to the ... 2015. , The bamboo mats are made from well-treated ... the bamboo strips for the mats are boiled and ...
Breaking Medicine News(10 mins):Health News:Parker & Sons Announces Record Demand For 24 Hour Emergency Services In 2014 With Regard To Air-Conditioning Systems 2Health News:Parker & Sons Announces Record Demand For 24 Hour Emergency Services In 2014 With Regard To Air-Conditioning Systems 3Health News:BambooFlooringChina.com: click strand woven bamboo flooring promotion valid until Jan. 30, 2015. 2Health News:Federal Court Overseeing DePuy ASR Hip Lawsuit Set to Convene Conference in January, Bernstein Liebhard LLP Reports 2Health News:Federal Court Overseeing DePuy ASR Hip Lawsuit Set to Convene Conference in January, Bernstein Liebhard LLP Reports 3Health News:Dylan Queen: Cheap Prom Dresses for the UK Market 2Health News:Various Styles of Bamboo Mats in Many Colors from BambooFlooringChina.com 2
... Makes Three ,America,s Best Health Plans, Lists for Third ... ... consecutive year,HealthPlus of Michigan,s commercial, Medicare Advantage and Medicaid health,plans have been ... the nation. The Flint-based organization, named among the top 50,Commercial plans and ...
... Morphine ER ... Tablet Capability, ST. LOUIS, ... has received approval from the U.S.,Food and Drug Administration (FDA) on ... ER Tablets (MS Contin(R) marketed by Purdue,Pharma L.P.). This approval now ...
... Highlights New Therapies and Diagnostics, Holding Promise for ... registration,at the upcoming 2007 International Melanoma Congress signals new ... held a dismal prognosis for,those in the advanced stages. ... treat, but caught late, melanoma is one of the ...
... the comfort of,your home to the floor of a high ... anyone. But it,s harder on seniors, especially,those needing skilled nursing ... was overcome with confusion when a Mt. Miguel Health,Care Center ... morning. "We,didn,t get much notice, I had time to grab ...
... in California Fires Response Effort, TALLAHASSEE, Fla., Oct. ... the California wildfires, the Capital Area Chapter of,the American ... effort. "Whether across the country or around the ... prepared to respond to tragedy and in this,case, to ...
... SAN DIEGO, Oct. 25 The 2007 Southern ... residents. This crisis,can have a tremendous impact on ... displaced, anxious, and overwhelmed. Many have,had to evacuate ... wondering if their lives will ever be the ...
Cached Medicine News:Health News:KV Pharmaceutical Announces FDA Approval for Morphine ER 100 mg and 200 mg Tablets 2Health News:KV Pharmaceutical Announces FDA Approval for Morphine ER 100 mg and 200 mg Tablets 3Health News:Genes Unlock New Treatments for Deadly Melanoma 2Health News:St. Paul's Senior Homes & Services Welcomes Some of San Diego's Neediest Displaced Seniors 2Health News:St. Paul's Senior Homes & Services Welcomes Some of San Diego's Neediest Displaced Seniors 3Health News:Capital Area Chapter Deploys Volunteers to California 2Health News:California Association of Marriage & Family Therapists Offers Tips on How to Cope With a Traumatic Event 2
(Date:12/22/2014)... LAWRENCE, Mass. , Dec. 22, 2014 /PRNewswire/ ... a leading manufacturer of innovative dialysis products, announced ... (FDA) has cleared its System One™ to perform ... sleeping, known as home nocturnal hemodialysis. NxStage,s® System ... cleared by the FDA for this indication. ...
(Date:12/22/2014)... 22, 2014   TRU-D SmartUVC LLC, producers ... robot, announced today that the General Services Administration has ... 2019.   This newly formed agreement will ... of government purchasers, including Department of Veteran Affairs and ... Security contacts purchasing solutions for the Ebola effort in ...
(Date:12/22/2014)... , Dec. 22, 2014 Cyberonics, Inc. (NASDAQ: ... the treatment and management of epilepsy, today announced it will ... Conference on Wednesday, January 14, 2015, in San ... President and Chief Executive Officer, will speak at 11:00 AM ... be accessed by clicking on the Investor Relations link on ...
Breaking Medicine Technology:NxStage Receives FDA Clearance for Home Nocturnal Hemodialysis 2NxStage Receives FDA Clearance for Home Nocturnal Hemodialysis 3TRU-D SmartUVC LLC Awarded General Services Administration Contract to Expand Government Customer Base 2
... , ADDISON, Texas, Dec. 3 ... announced today that McKesson Medical-Surgical, Inc., one of ... approved ULURU Inc. to be one of its suppliers ... McKesson Medical-Surgical delivers a comprehensive offering of medical-surgical supplies, ...
... Dec. 3 Pioneer Surgical Technology, Inc., a surgeon-driven ... the Cervical Spine Care category at the 2009 Spine ... in conjunction with the North American Spine Society annual ... were the NuNec® Cervical Total Disc replacement (CTDR) device ...
Cached Medicine Technology:ULURU Inc. Obtains Status of Approved Supplier With McKesson. 2Pioneer(R) Surgical Technology, Inc. Receives Prestigious Spine Technology Awards 2
... BD Edgeahead Stiletto / MVR knife. 1.1 mm ... of 1.1 mm (19G) Cannula (5/bx, 1 bx/ca). ... are consistently sharp and precise. Sure grip handles ... Tapered tip creates a fluid tight incision for ...
Lens Plus Daily Cleaner is the preservative-free daily cleaner for soft contact lenses....
... is the most convenient multi-purpose no rub ... bottle without the need to rub: cleans, ... removes protein build-up when used daily. Its ... a special ingredient that removes protein deposits ...
For use in cleaning soft contact lenses. Sensitive Eyes daily cleaner loosens and removes accumulations of film, deposits, and debris from soft contact lenses. Use with heat, chemical, and hydrogen p...
Medicine Products: