Trimedyne Reports a Net Loss for the Quarter Ended June 30, 2008

LAKE FOREST, CA--(Marketwire - August 19, 2008) - TRIMEDYNE, INC. today announced its financial results for the quarter and nine months ended June 30, 2008. Revenues for the quarter were $1,385,000, an increase of 16% from revenues of $1,197,000 for the prior year's quarter. The $188,000 increase in revenues was due to increases in sales of lasers and revenues from service and rentals, with a decrease in sales of fiber optic devices. While sales of lasers add significant dollars to revenues, lasers typically carry much smaller profit margins than fiber optic devices. The Company had a net loss of $585,000 or $0.03 per share for the current quarter, compared to a loss of $348,000 or $0.02 per share for the prior year quarter. Revenues remained the same for the current nine month period, but the Company's net loss for the... [read full story]