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Business & Finance
Competitive Technologies reports Q2 net loss of $0.6 million
April 11th, 2006
Competitive Technologies, Inc., (CTT) announced a net loss of $0.6 million, or $0.09 per share, for its fiscal second quarter ended January 31, 2006. This compares to net income of $4 million, or $0.54 per diluted share, for the second quarter of the prior fiscal year. Retained royalties for the quarter ended January 31, 2006, were $1.2 million, a decrease of $5.5 million, or 83%, compared to $6.7 million of retained royalties for the same period in the prior year. However, the prior year included approximately $5.8 million of one-time upfront license fees relating to new homocysteine testing licenses granted in the prior year. Excluding these...
Source: Medical Devices & Surgical Technology Week (2006-04-11)
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