Printer Friendly

THERMO CARDIOSYSTEMS INC. ANNOUNCES YEAR-END RESULTS

 WOBURN, Mass., March 9 /PRNewswire/ -- Thermo Cardiosystems Inc. (AMEX: TCA) today reported revenues of $2,441,000 for the year ended Jan. 2, 1993, compared with $1,975,000 in 1991. Net income for 1992 was $18,000, compared with a net loss of $794,000 in 1991.
 "Our product sales this year were $2,441,000, twice those of last year, due to increases in the number of centers that purchased our left ventricular-assist devices and in the number of implants being performed at each of our approved centers," said Victor L. Poirier, president of Thermo Cardiosystems. "To date, our heart-assist devices have been implanted in more than 120 patients."
 Thermo Cardiosystems Inc. is a leader in research and development of implantable ventricular-assist devices. These devices are designed to perform substantially all or part of the pumping function of the left ventricle of the natural heart for patients suffering from cardiovascular disease. The company's devices are currently intended for investigational use only. Thermo Cardiosystems is a public subsidiary of Thermedics Inc. and Thermo Electron Corporation.
 THERMO CARDIOSYSTEMS INC.
 Financial Highlights
 Three Months Ended Twelve Months Ended
 Jan. 2 Dec. 28 Jan.2 Dec. 28
 1993 1991 1993 1991
 Revenues $581,000 $431,000 $2,441,000 $1,975,000
 Income (loss)
 before income
 taxes (10,000) (203,000) 68,000 (795,000)
 Net income(loss) (24,000) (218,000) 18,000 (794,000)
 Earnings (loss) per
 share --- (3 cents) --- (9 cents)
 Weighted average
 shares 11,030,000 8,625,000 10,156,000 8,625,000
 -0- 3/9/93
 /CONTACT: John Hatsopoulos of Thermo Electron, 617-622-1111/
 (TMO TCA)


CO: Thermo Electron Corporation; Thermo Cardiosystems, Inc. ST: Massachusetts IN: MTC SU: ERN

CH -- NE012 -- 4403 03/09/93 09:30 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 9, 1993
Words:292
Previous Article:THERMEDICS INC. ANNOUNCES YEAR-END RESULTS
Next Article:THERMO VOLTEK ANNOUNCES YEAR-END RESULTS
Topics:


Related Articles
THERMO CARDIOSYSTEMS INC. ANNOUNCES THIRD QUARTER RESULTS
THERMO CARDIOSYSTEMS ANNOUNCES SALE OF CONVERTIBLE DEBENTURES
THERMO CARDIOSYSTEMS ANNOUNCES YEAR-END RESULTS
THERMO CARDIOSYSTEMS INC. ANNOUNCES SECOND QUARTER RESULTS
THERMO CARDIOSYSTEMS INC. ANNOUNCES THIRD QUARTER RESULTS
THERMO CARDIOSYSTEMS INC. ANNOUNCES YEAR-END RESULTS
THERMO CARDIOSYSTEMS INC. ANNOUNCES FIRST QUARTER RESULTS
THERMO CARDIOSYSTEMS INC. ANNOUNCES SECOND QUARTER RESULTS
THERMO CARDIOSYSTEMS INC. ANNOUNCES FIRST QUARTER RESULTS
THERMO CARDIOSYSTEMS INC. ANNOUNCES RECORD QUARTERLY RESULTS

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters