AtCor Medical Holdings Limited. Reports Unaudited Earnings Results for the First Half of Fiscal 2012
January 30, 2012 at 04:26 pm
AtCor Medical Holdings Limited. reported unaudited earnings results for the First half of fiscal 2012. For the period, the company reported sales of $3.8 million, compared with $4.4 million in first half of 2011 and $3.1 million in second half of 2011. Expenses decreased $0.6 million, resulting in a net loss of approximately $0.9 million compared to a loss of $1.4 million in first half of 2011. Aggressive expense management and improved collections reduced net cash outflows from operating activities to $0.361 million compared to $1.559 million in the first half of 2011.