EDAP TMS SA (EDAP) reported that its fourth-quarter net loss was 1.1 million euros (US$1.4 million), or 0.06 euros per share, compared to net loss of 579,000 euros (US$779,000), or 0.04 euros per share in the fourth quarter of 2011. Net income for the fourth quarter 2012 included a non-cash interest expense of 439,000 euros to adjust the Company's outstanding convertible debt and warrants to fair market value.
Total revenue for the fourth quarter 2012 was 9.4 million euros or US$12.3 million, a 25.3% year over year increase compared to 7.5 million euros or US$10.1 million for the fourth quarter 2011.
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