CAS Medical Systems Inc. narrowed its fourth-quarter loss, disposing of noncore operations and refocusing the Branford medical device maker for sustainable future growth.
For the three months ended Dec. 31, CAS Med lost $1 million, or 8 cents a share, smaller than the $4.3 million, or 38 cents a share, lost the same quarter in 2009.
Fourth-quarter revenues were flat at $5.86 million vs. $5.82 million a year earlier.
For all of 2010, the company lost $1.3 million, or 11 cents a share, narrower than the loss of $5.8 million, or 57 cents a share, in 2009.
Revenues were $24.1 million, or 11 cents a share, vs. $25.
Last November, CAS Med sold its blood pressure cuff business for $3.2 million, money used to retire debt and build its cash reserve to $4.5 million.
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