Navigation Links
PLC Systems Reports First Quarter 2012 Results
Date:5/15/2012

MILFORD, Mass., May 15, 2012 /PRNewswire/ -- PLC Systems Inc. (OTCBB: PLCSF), a company focused on innovative medical device technologies, today reported financial results for the three-month period ended March 31, 2012. These results only include the company's RenalGuard® operations, since PLC completed the sale of its transmyocardial revascularization (TMR) business to Novadaq Corp. during the first quarter of 2011.  Results from the TMR business are reflected as discontinued operations for all periods presented.

First quarter 2012 total revenues were $20,000, compared to $57,000 in the first quarter of 2011.  The net loss from continuing operations for the first quarter of 2012 was $6.8 million, or $0.22 per basic share, compared to a net loss from continuing operations of $3.8 million, or $0.12 per basic share, in the first quarter of 2011. Of this $6.8 million net loss, $5.5 million or 81% of the total net loss was attributable to the change in fair value of the investor warrants and convertible notes issued during 2011.  This increase is a result of, among other assumptions, the increase in the closing price of the Company's Common Stock as of the close of the first quarter of 2012.  In addition, PLC has deferred $285,000 in revenue related to shipments made in the fourth quarter of 2011 to its distributor in Italy, Artech, because not all revenue recognition criteria have been met; monies received related to such shipments during the second quarter of 2012 will be recognized as revenue for that period.

Mark R. Tauscher, President and Chief Executive Officer of PLC Systems Inc., stated, "Results for the past quarter reflect the lumpiness of RenalGuard sales in Europe, as orders shift between reporting periods. We are confident that we will regain a stronger level of RenalGuard sales in the second quarter and beyond this year. The major medical conference for our sector in Europe, EuroPCR, is currently underway, an
'/>"/>

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

Page: 1 2 3 4 5 6

Related medicine technology :

1. Veeva Systems Announces Dramatic Growth in Europe
2. Surgical Information Systems Recognizes Clients for Financial, Clinical, and Operational Improvements
3. New Forecast Shows Patient Monitoring Systems Market to Reach $18.9 billion by 2016
4. Middle East and Africa Endoscopy Devices Market Outlook to 2017 - Flexible Endoscopes, Rigid Endoscopes, Endoscopy Visualization Systems, Capsule Endoscope Systems and Others
5. Varian Medical Systems and Siemens Healthcare Announce Global Collaboration to Advance Clinical Capabilities and Offerings in Radiotherapy and Radiosurgery
6. Varian Medical Systems Reports Results for Second Quarter of Fiscal Year 2012
7. Leica Biosystems Receives FDA Approval for the Fully Automated Bond Oracle™ HER2 IHC System on the Leica BOND-MAX
8. Delcath Systems, Inc. Secures $20 Million Credit Facility
9. GeckoSystems Evaluates Europes Robotic Wheelchair Market
10. PLC Systems RenalGuard to be Demonstrated at Cardiology Meetings in Germany and Israel
11. Puritan Medical Products Company Launches New Diagnostic Collection and Transport Systems
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/28/2015)... Research and Markets ( ... "Investigation Report on China,s Tobramycin Market, 2010-2019" report ... antibiotic whose eye drop and ointment are the most ... or inflammation caused by eye infection. Currently, dozens of ... to produce tobramycin, among which the Top 5 are ...
(Date:8/28/2015)... 28, 2015 Research ... addition of the "Investigation Report on China,s ... Developed by Pharmacia & Upjohn in ... which effectively reduces intraocular pressure. As the first ... the trade name of Xalatan) entered ...
(Date:8/28/2015)... Company plc ("Perrigo") (NYSE: PRGO ; TASE) today ... OTC brands from GSK in an all cash transaction ... demonstration of Perrigo,s unique ability to maximize brand value ... countries.  Perrigo Chairman, President and CEO ... to complete this transaction, which clearly demonstrates our ability ...
Breaking Medicine Technology:Investigation Report on China's Tobramycin Market, 2015-2019 2China Latanoprost Market Investigation Report 2015-2019 2Perrigo Completes Acquisition of Leading Portfolio of OTC Brands from GSK 2Perrigo Completes Acquisition of Leading Portfolio of OTC Brands from GSK 3Perrigo Completes Acquisition of Leading Portfolio of OTC Brands from GSK 4
... 2012  Particle Sciences, a leading drug delivery CRO, ... DOSE™ program.  The DOSE™ program uses a combination ... efficiently arrive at the optimal drug product for ... Sciences implemented software solutions for calculating and predicting ...
... Jan. 3, 2012  Accera, Inc., a privately-held, commercial-stage, healthcare ... therapeutics to treat central nervous system disorders, announced today ... of Chief Executive Officer and as a member of ... Ph.D., has also been appointed as a member of ...
Cached Medicine Technology:Particle Sciences Expands Its DOSE™ Program With Additional Proprietary Modeling Capabilities 2Accera, Inc. Elects Industry Veteran Holger Kunze as CEO and as a Member of the Company's Board of Directors 2Accera, Inc. Elects Industry Veteran Holger Kunze as CEO and as a Member of the Company's Board of Directors 3
(Date:8/29/2015)... ... ... The popular television program VOICES IN AMERICA, hosted by legendary star of the ... entire short segment to the subject of diabetes. Diabetes is a debilitating health condition ... but recent advancements in medical science may prove to be a significant breakthrough that ...
(Date:8/28/2015)... ... August 29, 2015 , ... Rio Salado College ... and the student experience as part of the EDUCAUSE - Next Generation Learning Challenges ... , This is the third Breakthrough Models Incubator hosted by EDUCAUSE and ...
(Date:8/28/2015)... ... August 28, 2015 , ... An online provider of ... make the purchase of CPAP equipment more affordable by offering shipping at no cost ... of CPAP products and orders of any size. My Cpap Store is located in ...
(Date:8/28/2015)... ... August 28, 2015 , ... The Kentucky State Department of ... for the position they are applying for, they are unable to pass the initial ... considering altering drug testing policies in order to be able to hire long-term, skilled ...
(Date:8/28/2015)... ... August 28, 2015 , ... With the goal of furthering music ... second year to the Adams County Fairgrounds in Mendon, IL on May 30th, 2015. ... to support music education in the underfunded school districts of Mendon and its neighboring ...
Breaking Medicine News(10 mins):Health News:Rio Salado College Joins 9 Educational Leaders to Reinvent Higher Learning 2Health News:Rio Salado College Joins 9 Educational Leaders to Reinvent Higher Learning 3Health News:Rio Salado College Joins 9 Educational Leaders to Reinvent Higher Learning 4Health News:My Cpap Store Now Offering Delivery Special 0 Cost to You 2Health News:Hiring Obstacles: Drug Abuse a Problem for Workforce 2Health News:Hiring Obstacles: Drug Abuse a Problem for Workforce 3Health News:Hiring Obstacles: Drug Abuse a Problem for Workforce 4Health News:Best Drug Rehabilitation Interviews Country-Rock Duo Highway Run at the 2015 "Music With A Mission" Benefit Concert 2
... from your very early childhood i.e. before the age of ... ,Science has always pondered over 'infant amnesia' -inability ... being unable to form memories. , Yet researchers from ... for Advancement of Science, say that on the contrary, babies ...
... to commercial companies over clinical and preclinical trial data—could ... and harm public health, says Karin Timmermans of the ... Medicine. ,Writing in a personal capacity, Ms ... produce generic versions of the "flu drug" oseltamivir in ...
... 26 land beneficiaries in the capital comply with the lease ... a report submitted by the government to the Delhi High ... & Development Organization (L&DO) of the Delhi government had allotted ... out of which only 26 are currently operational. While DDA ...
... Beijing: China is to allow a pioneering doctor, currently under ... States to accept an award for her work on behalf// ... official told me I had permission to travel," retired professor ... where police have been holding her under house arrest for ...
... at the last straw to save their child; using Viagra to ... August when his mother was just into 24 weeks of pregnancy. ... but this was worsened when his lungs collapsed the day after ... had not closed properly. He was operated upon at 3 weeks ...
... promise in slowing progression and prolonging survival time in ... of targeted anti-cancer drugs that blocks the human epidermal ... the lives of patients with recurrent prostate cancer, a ... compound called pertuzumab, works by binding to and inhibiting ...
Cached Medicine News:Health News:Drug Companies Should Not Have a Monopoly Over Clinical Trial Data 2Health News:Private Hospitals Ignore Deal to Provide Free Treatment 2Health News:Viagra Plays Another Role-Premature Baby Saved 2Health News:New Drug Promises Prolonged Survival in Prostate Cancer Patients 2Health News:New Drug Promises Prolonged Survival in Prostate Cancer Patients 3
Disposable Microscissors: Horizontal, Curved...
Disposable Microscissors: Horizontal, Straight...
Disposable Microscissors: Vertical, 90...
Low profile, sharp-tipped scissors with a vertical cutting action. Excellent for peeling and cutting fine epiretinal membranes....
Medicine Products: