Navigation Links
PLC Systems Reports First Quarter 2011 Results
Date:5/16/2011

uarter of 2011 as compared to the same period in 2010. Other revenues decreased $163,000 on the first quarter of 2010, reflecting the loss of revenues from the OEM business sold in May 2010, which were included in the year-ago period.

Sales, General and Administrative costs increased to $1,123,000 in the first quarter of 2011, from $801,000 in the first quarter of 2010. This increase is due to expensed financing fees related to the February 2011 financing, offset in part by the impact of decreased compensation expenses in the current year period resulting from 2010 workforce reductions. Research & Development expenses decreased to $73,000 in the first quarter of 2011, from $253,000 in the first quarter of 2010. This decrease reflects the impact of decreased compensation expenses in the current year period resulting from 2010 workforce reductions.

As a result of the February 2011 financing transaction, the first quarter of 2011 included interest expense of $46,000 from interest on the Convertible Notes and other expenses of $1,476,000 and $2,218,000 as a result of a fair value adjustment related to the Warrant Liabilities and Convertible Notes, respectively.

Income from discontinued operations related to TMR activities prior to the sale of the TMR business was $53,000 in the first quarter of 2011 and $658,000 in the first quarter of 2010. A gain on sale of discontinued operations of $1,179,000 was recorded as a result of the $1 million in cash received and the assumption of all the Company's obligations under service contracts as of the closing date totaling $614,000. The total carrying value of the assets sold was $385,000. In addition, PLC incurred transaction costs of $50,000.

About PLC Systems Inc.PLC Systems Inc., headquartered in Franklin, Mass., is a medical device company focused on innovative technologies for the cardiac and vascular markets. PLC's newest product, RenalGuard, has been developed to help prevent the onset of
'/>"/>

SOURCE PLC Systems Inc.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7

Related medicine technology :

1. Varian Medical Systems Makes Equity Investment and Obtains Option to Purchase Augmenix
2. GT Life Sciences Broadens Intellectual Property Portfolio with Issuance of U.S. Patent on Core Computational Systems and Methods for Genomic-based Metabolic Modeling
3. Varian Medical Systems to Exhibit Full Spectrum of Prostate Cancer Treatment Approaches at the American Urological Association Meeting in Washington, D.C.
4. Huntsville Memorial Hospital Selects Surgical Information Systems to Increase Safety, Generate Cost Savings
5. Varian Medical Systems Spotlights Fully Integrated Intensity Modulated Proton Therapy at PTCOG 2011 Meeting
6. Varian Medical Systems Spotlights Advanced Radiosurgery Systems at ISRS Congress in Paris, May 8-12
7. The ARIA® for Radiation Oncology Information System from Varian Medical Systems Now Certified by Surescripts® for E-Prescribing
8. Volcano Corporation to Supply Intravascular Ultrasound Technology to Covidien for Integration with Plaque Excision Systems
9. American Medical Systems GreenLight HPS® Approved for Use in Japan
10. Samplify Systems Announces Availability of Prism FP Floating Point Compression
11. Varian Medical Systems Reports Results for Second Quarter of Fiscal Year 2011
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/31/2015)... -- Boston Children,s Hospital physicians report the first cases ... anatomy before undergoing high-risk brain procedures. The four ... brain,s blood vessels) that posed special treatment challenges. ... Journal of Neurosurgery: Pediatrics , the physicians describe ... to create custom, high-fidelity models of the children,s ...
(Date:7/31/2015)... July 31, 2015 According to a ... (Moist Heat, Dry Heat, Ethylene Oxide, Filtration, E-beam, Gamma), Services ... (Hospitals, Pharmaceuticals) - Global Forecast to 2020", published by MarketsandMarkets, ... 6.1 Billion by 2020, at a CAGR of 7.6%.from 2015 ... market data T ables and 37 ...
(Date:7/31/2015)... July 31, 2015  Xcelience, a contract development ... has made a structured cash investment in Powdersize, ... in milling, micronization and powder size classification within ... Powdersize,s business while simultaneously adding a complete set ... of capabilities. "As we continue ...
Breaking Medicine Technology:3D Printing Helps Doctors Rehearse Complex Brain Procedures 23D Printing Helps Doctors Rehearse Complex Brain Procedures 33D Printing Helps Doctors Rehearse Complex Brain Procedures 4Sterilization Equipment Market is Expected to Reach USD 6.1 Billion by 2020 2Sterilization Equipment Market is Expected to Reach USD 6.1 Billion by 2020 3Sterilization Equipment Market is Expected to Reach USD 6.1 Billion by 2020 4Xcelience Makes Structured Cash Investment in Powdersize 2Xcelience Makes Structured Cash Investment in Powdersize 3
... 10, 2011 Rapid Fire Marketing (Pink Sheets: ... subsidiary company, Medical Cannabis Management (MCM) is taking ... Currently, MCM provides marketing, consulting and management services and has ... growing of medical cannabis. Now MCM is looking to expand ...
... In an on-going effort to give back to the local ... the company will donate $5,200 to the Greater Boston Food ... card issued to loyal conference attendees in November of 2010, ... a future conference of choice. This year, in the spirit ...
Cached Medicine Technology:Rapid Fire Marketing's Medical Cannabis Management Looking to Expand Business 2The Center for Business Intelligence Donates More than $5,000 to the Greater Boston Food Bank 2
(Date:7/31/2015)... ... July 31, 2015 , ... Successful Import/Export Programs:, Former ... , Having FDA-regulated products held at ports costs time, money and the ... — or even destruction — of products, an FDA insider shows manufacturers how ...
(Date:7/31/2015)... ... July 31, 2015 , ... The Heart Fit Clinic ... experience angina until a heart rate of 150 beats versus 100 beats, this is ... "We are able to give life back to patients with heart disease," he adds. ...
(Date:7/31/2015)... ... ... The alarm was ringing. Hugh Chatfield, survivor of a severe 1987 brain injury, almost slept ... equipment was set up to depict the newly poured concrete. With a clear view of ... speaks for itself. Chatfield is also a highly praised safety and drug education speaker/comedian. , ...
(Date:7/31/2015)... ... July 31, 2015 , ... Florida Hospital Tampa has started ... developed for targeted delivery of fluids to selected sites in the peripheral vascular ... Tampa with the device that provides direct, local delivery of chemotherapy to the ...
(Date:7/31/2015)... ... July 31, 2015 , ... Burnaby sports physiotherapy clinic, Absolute ... understanding and treatment of ankle sprains. A common sports injury, ankle sprains are ... dangerous if the condition augments and causes more disruption. Absolute PhysioCare’s blog discusses ...
Breaking Medicine News(10 mins):Health News:FDAnews Announces — Successful Import/Export Programs: Former FDA Expert Shows the Way, Oct. 20-21, 2015 2Health News:FDAnews Announces — Successful Import/Export Programs: Former FDA Expert Shows the Way, Oct. 20-21, 2015 3Health News:FDAnews Announces — Successful Import/Export Programs: Former FDA Expert Shows the Way, Oct. 20-21, 2015 4Health News:Heart Fit Clinic Helps Patient Increase Fitness Level with External Counterpulsation 2Health News:Florida Hospital Tampa Expands Treatment Options for Patients with Pancreatic Cancer Using New Catheter Technology 2Health News:Florida Hospital Tampa Expands Treatment Options for Patients with Pancreatic Cancer Using New Catheter Technology 3Health News:Florida Hospital Tampa Expands Treatment Options for Patients with Pancreatic Cancer Using New Catheter Technology 4Health News:Absolute PhysioCare & Sports Rehab Promotes Understanding & Treatment of Ankle Sprains 2
... Ariz., Nov. 6 The Providence Service,Corporation (Nasdaq: ... of $70 million of Convertible Senior Subordinated Notes due ... Placement Agent for the,transaction. The private placement was ... interest at 6.5% per annum and are convertible into,Providence ...
... In recognition of,Alzheimer,s Awareness Month, The HealthCentral ... special,feature to encourage early detection and a ... those who suffer from the condition or,are ... disease., The special Alzheimer,s Awareness online ...
... Health Advisory Council,Appointed to AARP State Leadership Team, ... the appointment of Ruby Haughton-Pitts, to its State ... be a member,of the organization,s seven-member leadership committee, ... of health care access for low-income Americans,Haughton-Pitts was ...
... The Disabled American,Veterans (DAV) is commending lawmakers ... largest increase in funding for the Department of,Veterans ... Congress and the,Administration to support this important legislation ... Construction and Veterans Affairs Appropriations bill,calls for an ...
... SANTA MONICA, Calif., Nov. 6 The scant,details of ... Fabian Nunez and Senate President pro Tem Don Perata ... families but would,guarantee a windfall for private health insurance ... taxpayers, according to the Foundation for,Taxpayer and Consumer Rights ...
... and advanced liver disease who did not respond ... their liver enzymes, viral levels, and liver inflammation ... treatment did not slow or prevent the progression ... the clinical trial, Hepatitis C Antiviral Long-Term Treatment ...
Cached Medicine News:Health News:Providence Service Corporation Completes Private Placement of $70 Million of Convertible Senior Subordinated Notes 2Health News:The HealthCentral Network Honors Alzheimer's Awareness Month 2Health News:Haughton-Pitts Joins AARP Illinois Executive Council 2Health News:VA Budget Earns High Praise 2Health News:The Good, the Bad, and the Ugly of the Nunez/Perata Health Plan 2Health News:Hepatitis C treatment reduces the virus but serious liver problems may progress 2
... of minor knee pain like arthritis, tendonitis ... with the motion of the knee, applying ... tendon and assisting in the relief of ... with high density foam padding molds itself ...
... Bariatric Knee Immobilizer is made of lightweight ... a breathable foam material that wicks moisture ... posterior aspect of the splint is uniquely ... The loop and lock closure straps allow ...
... brushed nylon, laminated to breathable foam. Three ... strap. Velcro straps with loop closures. Lightweight ... lateral stays., ,Available with optional hot ... Pad helps defeat the pain cycle by ...
... supports are a convenient, reusable, patient-friendly ... for common orthopedic conditions/instabilities. These products ... compression and lateral to medial influence ... the skin and soft tissue structures. ...
Medicine Products: