EP MedSystems books positive Q2

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Electrophysiology and ultrasound device developer EP MedSystems of West Berlin, N.J., reported double-digit revenue increases and a double-digit dip in net losses for its fiscal 2007 second quarter (end-June 30).

For the period, the company reported revenues of $4.35 million, a 31 percent increase when compared with the $3.31 million in revenues reported for the second quarter of fiscal 2006. The company’s net loss declined 42 percent to $1.28 million for the second quarter of 2007, compared with a net loss of $2.21 million in the same period last year.