Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Kips Bay Medical Q4 Loss Widens - Quick Facts

Kips Bay Medical, Inc. (KIPS: Quote) 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.

Click here to receive FREE breaking news email alerts for Kips Bay Medical, Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks have given back some ground over the course of the trading day on Wednesday after failing to sustain an early upward move. The choppy trading reflects uncertainty ahead of a highly anticipated announcement from the Federal Reserve. After reporting a notable contraction in U.S. economic activity in the first quarter, the Commerce Department released a report on Wednesday showing that gross domestic product rebounded by more than anticipated in the second quarter. Employment in the U.S. private sector continued to see notable growth in the month of July, according to a report released by payroll processor ADP on Wednesday, although the pace of job growth came in below economist estimates.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.