BioSphere Medical sees Q4 revenue rise, losses remain

Twitter icon
Facebook icon
LinkedIn icon
e-mail icon
Google icon
BioSphere Medical reported an increase in revenue and losses for its fiscal 2007 fourth quarter unaudited results.

Total revenue for the fourth quarter of 2007 increased 6 percent to $6.70 million from total revenue of $6.34 million for the fourth quarter of 2006, according to BioSphere.

For the quarter, the Rockland, Mass.-based company reported operating expenses of $5.26 million, compared to $4.86 million for the fourth quarter of 2006, an increase of 8 percent.

The net loss applicable to common stockholders for the fourth quarter of 2007 was $380,000, compared to a net loss applicable to common stockholders of $334,000 in the same period last year, said the company.

BioSphere said its net loss applicable to common stockholders for the year which ended December 31, 2007 narrowed to $2.41 million, from a net loss of $2.85 million in 2006.