Transfusion Medicine

Somanetics Reports First Quarter 2010 Results

Published in Medical Device Law Weekly, April 4th, 2010

First Quarter Highlights -- Net revenues of $13.1 million, up 18 percent. -- Income before income taxes of $3.1 million, up 45 percent. -- Net income of $2.0 million, up 57 percent; $0.16 per diluted share. -- Somanetics adjusts full-year guidance to net revenues increasing 12 to

15 percent over 2009 to approximately $56 million to $57.5 million,

and operating margin to be approximately 17 to 20 percent, excluding

litigation expense. Somanetics Corporation (NASDAQ:SMTS) reported net revenues of $13.1 million for the first quarter ended February 28, 2010, an 18 percent increase from $11.2 million in the same period of 2009....

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Source: Medical Device Law Weekly (2010-04-04)

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