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.
by RTT Staff Writer
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