Printer Friendly

MEDICAL DEVICES, INC., ANNOUNCES STRONG THIRD QUARTER RESULTS WITH CONTINUED PROFITABILITY

 ST. PAUL, Minn., April 29 /PRNewswire/ -- Medical Devices, Inc. (NASDAQ: MDEV)(MDI) today announced strong results, and continued profitability for the third fiscal quarter and nine month period ended March 31, 1993.
 Revenue for the third quarter was $1,629,000, compared to $918,000 last year, an increase of 77 percent. Net income for the quarter was $48,000 or $.01 per share, compared to a loss of $360,000 or $.17 per share last year.
 For the nine month period ended March 31, 1993, revenue was $4,576,000, an increase of 34 percent over sales of $3,429,000 last year. Net income for the nine month period was $60,000 or $.02 per share, compared to a net loss of $649,000 or $.31 per share last year.
 "We are extremely pleased with these results," stated David B. Kaysen, MDI's president and CEO. Kaysen also said "During the third quarter we invested heavily in our direct selling effort, Rehabilicare Systems(TM), and new product development. Our profitable results support the change in our strategic direction and lay the foundation for further growth."
 Medical Devices, Inc., is a leading designer and manufacturer of electromedical rehabilitation and pain management products. The company's common stock is traded on the national over-the-counter market under the NASDAQ symbol "MDEV."
 -0- 4/29/93
 /CONTACT: David B. Kaysen, president and CEO or Jeffrey P. Shields, vice president of finance, both of Medical Devices, 612-631-0590/
 (MDEV)


CO: Medical Devices, Inc. ST: Minnesota IN: MTC SU: ERN

DS -- MN015 -- 2867 04/29/93 16:45 EDT
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:Apr 29, 1993
Words:262
Previous Article:VILLAFANA ANNOUNCES ATS MEDICAL, INC. FIRST QUARTER RESULTS
Next Article:C. MICHAEL JACOBI NOMINATED TO BOARD OF WEBSTER
Topics:


Related Articles
MEDICAL DEVICES REPORTS THIRD QUARTER RESULTS
MEDICAL DEVICES, INC. ANNOUNCES STRONG SECOND QUARTER AND RETURN TO PROFITABILITY
INAMED REPORTS RECORD THIRD QUARTER RESULTS
/ C O R R E C T I O N -- MEDICAL DEVICES, INC./ (Correction Notice)
STI REPORTS PROFITABLE OPERATIONS IN FISCAL 1994 THIRD QUARTER
EMPI REPORTS STRONG THIRD-QUARTER SALES AND EARNINGS
Danninger Medical Announces Preliminary Results for The Fourth Quarter and For The Year
Meridian Medical Technologies Reports Improved Core Operating Results
Luther Medical Products, Inc. Announces Fiscal Year End Results; Domestic Sales Show 86 Percent Growth
St. Jude Medical Reports Third Quarter 1999 Results.

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