Rochester,NY 8/27/2009 9:30:01 PM
News / Finance

Vision-Sciences Inc. VSCI, Announces $3.3 Million in Revenue for Fiscal Q1 2010

Vision-Sciences Inc.

Vision-Sciences, Inc. announced results for its fiscal year 2010 first quarter ended June 30, 2009 (Q1 10).

For Q1 10, revenues were $3.3 million, an increase of $622 thousand, or 23%, over our fiscal year 2009 first quarter ended June 30, 2008 (Q1 09). Loss from operations in Q1 10 was $2.5 million, compared to $3.2 million in Q1 09, a decrease of $761 thousand.

The decrease in loss from operations of $761 thousand from Q1 09 to Q1 10 is mainly attributable to a reduction in selling, general and administrative expenses of $209 thousand and a reduction of research and development expenses of $385 thousand.

Net loss for Q1 10 was $2.5 million, or $0.07 per diluted share, compared to a net loss of $143 thousand which had no appreciable per share impact in Q1 09.

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