Kips Bay Medical, Inc. (KIPS) reported that its fourth-quarter net loss widened to $1.1 million, or $0.07 per share, from $803,000, or $0.06 per share, in the fourth quarter of 2010.
Net sales were $94,000, down from $116,000 in the fourth quarter of 2010. The decrease in net sales during the current quarter is due to limited availability of reimbursement to hospitals moderating the usage of the Company's eSVS MESH.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.