Del Global Technologies has reported a net loss of $3.5 million in the first quarter of fiscal 2010, substantially greater than the $600,000 loss reported in the first quarter in 2009.
The diagnostic imaging manufacturer reported net sales of $11.6 million in the first quarter, which ended Oct. 31, a decline of 18.6 percent from the $14.2 million posted in the first quarter of 2009. The company attributed the decline to decreased volume from the Medical Systems Group, where net sales declined 17.3 percent to $9.5 million from $11.5 million in the prior year’s first quarter, as a result of decreased international customer orders.
The company noted its decision to sell certain assets and product lines of its Del Medical Imaging, wholly-owned subsidiary, to an affiliate of United Medical Group. "This business represented the