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Encision, Inc.

Device company "disappointed" in first-quarter results

Published in Physician Law Weekly, September 1st, 2004

Encision, Inc., (ECI), a medical-device company focused on minimally invasive surgery, announced financial results for its first fiscal quarter ended June 30, 2004.

For its first fiscal quarter ended June 30, 2004, Encision's revenues increased by 4% to $1,763,000 compared to $1,702,000 for last year's first fiscal quarter.

Net loss for the first fiscal quarter was $291,000, or $0.05 per share, compared to net income of $35,000, or $0.01 per share, for last year's first fiscal quarter.

Gross margin as a percentage of sales increased to 57.6% in the first quarter ended June 30, 2004 from 57.0% in the first quarter ended June 30,...

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