Business & Finance

ATS Medical reports 38% first quarter revenue growth

Published in Health and Medicine Week, June 1st, 2006

ATS Medical, Inc., (ATSI), developer, manufacturer and marketer of state-of-the-art cardiac surgery products and services, reported that revenue for the first quarter of 2006 increased 38% to $9.7 million, compared with revenue of $7.1 million for the first quarter of 2005.

Mechanical heart valve sales represented 86% of total revenue, while other products and services represented 14% of total revenue.

Gross margins for the quarter increased to 48.6% from 39.1% for the comparable year-ago period. The operating loss for the period ended March 31, 2006 was $2.4 million versus an operating loss of $4.0 million for the first quarter of 2005. The net loss...

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Source: Health and Medicine Week (2006-06-01)

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