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

0

GOOD

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:5/24/2013)... 24, 2013 The SunglassFIX Photo ... sunglasses all while learning how to make their ... Contestants only need to upload pictures of ... "like" The Sunglass Fix on Facebook in order ... the largest lens replacement online store . ...
(Date:5/24/2013)... aortic valve implantation (TAVI) is effective and safe in ... results from a multicentre Asian registry reported at EuroPCR ... a treatment option for selected patients with symptomatic severe ... North American or European centres," Paul Chiam, senior consultant ... conference. He explained that it is unknown whether the ...
(Date:5/24/2013)... In a coup that surely made other Palm ... the Estetica Institute of the Palm Beaches performed eye surgeries ... morning show, “The Mo & Sally Morning Show.” The DJ’s ... with the results, giving Dr. DeLange and the team at ... Gardens, very valuable free publicity. , Dr. DeLange, the owner ...
(Date:5/24/2013)... Atlanta, GA (PRWEB) May 24, 2013 CBT ... of Sales. Gonter joins the web-based retail automotive industry news ... sales. , “I’m excited to join a group that’s ... a perfect example of how online video content is on ... career in the motorcycle business and segued into advertising at ...
(Date:5/24/2013)... The Institute for Integrative Nutrition , ... it has donated $10,000 to the Cleveland Courage Fund ... Cleveland, Ohio. , “When the news came out on Monday, ... Berry and her daughter had escaped from a Cleveland home ... and horrified,” said Integrative Nutrition Founder, Director, and Primary Teacher ...
Breaking Medicine News(10 mins):Health News:Break the Sunglass Mold – Reuse 'Em, Don’t Toss 'Em then Enter the SunglassFIX Photo Contest to Win 2Health News:Registry confirms TAVI efficacy and safety in Asian patients 2Health News:Dr. Greg DeLange of the Estetica Institute Recently Performed Eye Surgery on Both Members of Popular Morning Radio Team 2Health News:Integrative Nutrition Donates $10,000 to the Cleveland Courage Fund 2
... a competitive application process, Michele D. Kipke, PhD, Vice ... Hospital Los Angeles, was awarded a $420,000 grant which ... Autism Treatment Network (ATN) as an ATN Center of ... Speaks, which is North America,s largest autism science and ...
... hemorrhagic fever in humans, has no known cure or vaccine. ... scientists has uncovered a family of small molecules which appear ... inhibit its entry into human cells. The results are ... and are now online. Previous studies have shown ...
... discovered that cells lining the blood vessels secrete molecules ... invading other tissues, a finding that could lead to ... professor in the MIT-Harvard Division of Health Sciences and ... a patient,s tumor could shrink a tumor or prevent ...
... to research conducted at the Oregon National Primate Research Center ... that oral contraceptives cause weight gain appears to be false. ... appear in next month,s edition of the journal Human ... reveal that contraceptives and the possibility that they may cause ...
... WEDNESDAY, Jan. 19 (HealthDay News) -- Many U.S. transplant ... trying to develop new safeguards that would protect and ... one-third of transplant surgeons in the nation "overreacted" to ... contracted HIV after receiving organs from a single donor ...
... a gene that is mutated in one in three patients ... of a frequently mutated gene will provide new insights into ... critical in the continued effort to improve treatment for renal ... to be mutated in 88 cases out of 257 clear ...
Cached Medicine News:Health News:Children's Hospital Los Angeles joins Autism Treatment Network 2Health News:Small molecules may prevent ebola infection 2Health News:MIT scientists discover cancer-fighting role for cells 2Health News:MIT scientists discover cancer-fighting role for cells 3Health News:MIT scientists discover cancer-fighting role for cells 4Health News:Do birth control pills cause weight gain? New research says no 2Health News:Research provides new kidney cancer clues 2Health News:Research provides new kidney cancer clues 3
(Date:5/23/2013)... Mass. , May 23, 2013  Hologic, ... HOLX ), a leading developer, manufacturer and supplier ... products, with an emphasis on serving the healthcare ... large-scale observational study in a U.S. clinical practice ... technology (breast tomosynthesis) with conventional 2D mammography alone ...
(Date:5/23/2013)... , May 23, 2013  Ameritox, the ... selected by Progressive Medical, Inc. to become part ... help clients manage pharmacy costs and improve the ... Medical, a leading pharmacy benefit manager in the ... overall medication compliance and pain management strategy for ...
(Date:5/23/2013)... AVIV, Israel , May 23, 2013 ... BrainTech Israel 2013 , Israel,s ... place on October 14 th -15 th in ... nd most innovative city in the world by the ... "Start-up Nation." BrainTech Israel 2013 will showcase the ...
Breaking Medicine Technology:First Large-Scale Population-Based Study in the U.S. Shows Hologic's 3D Mammography (Breast Tomosynthesis) Significantly Reduces Recall Rates While Simultaneously Improving Cancer Detection 2First Large-Scale Population-Based Study in the U.S. Shows Hologic's 3D Mammography (Breast Tomosynthesis) Significantly Reduces Recall Rates While Simultaneously Improving Cancer Detection 3First Large-Scale Population-Based Study in the U.S. Shows Hologic's 3D Mammography (Breast Tomosynthesis) Significantly Reduces Recall Rates While Simultaneously Improving Cancer Detection 4Ameritox Joins with Progressive Medical in Urine Drug Monitoring Network to Help Improve Care of Injured Workers 2Ameritox Joins with Progressive Medical in Urine Drug Monitoring Network to Help Improve Care of Injured Workers 3Israel Brain Technologies Announces Israel's 1st International Brain Technology Conference 2Israel Brain Technologies Announces Israel's 1st International Brain Technology Conference 3
... 2012 Berg Pharma, a Boston based pharmaceutical company ... cancer cell metabolism at the 103rd Annual AACR meeting.  ... the meeting that dealt with endothelial cell biology relative ... priming of cancer therapy, synergy of BPM 31510, Berg,s ...
... Inc. (NYSE: ZMH ; SIX: ZMH) announced today ... be broadcast live over the Internet on Thursday, April 26, ... the quarterly results will be made available at 7:00 a.m. ... The live audio webcast can be accessed via Zimmer,s ...
Cached Medicine Technology:Berg Pharma Presents Key Findings in Cancer Systems Biology and Mitochondrial Metabolism at AACR Meeting 2Berg Pharma Presents Key Findings in Cancer Systems Biology and Mitochondrial Metabolism at AACR Meeting 3Zimmer Holdings Announces Live Audio Webcast and Conference Call of First Quarter 2012 Results 2
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...
... Laboratories is a national reference laboratory and ... and development. ARUP offers an extensive test ... tests in clinical and anatomic pathology. Owned ... clients include more than half of the ...
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
Medicine Products: