MEDICAL TECHNOLOGY
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I-Flow, continued ...
The loss before income taxes for the first
quarter of 2009 was $2.7 million. The $2.7 million loss is primarily
attributable to a $1.5 million loss is recorded as part of litigation
and insurance charges, including $1.0 million in legal costs accrued to
defend intellectual property rights.
This compares to a loss before
income taxes for the first quarter of 2008 of $1.3 million. The company
was cash flow positive for the first quarter of 2009.
"We grew
our RA business at a healthy pace while dealing with the continued
negative impact of the economic downturn on hospital admissions and the
resulting diminished volume of surgical procedures,” says Donald M.
Earhart, chairman and CEO. “We delivered this solid performance by
finding better ways to serve customers and by focusing on our core
message – that the use of ON-Q to relieve post-surgical pain results in
a significant reduction in narcotics intake and significantly better
pain relief than narcotics alone.”
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Related headlines
‘OC METRO Minute,’ May 5: Mission Hospital named Employer of the Year
Former surgeon general to speak at UC Irvine
Newport Beach-based Alliance Healthcare's revenue hits $132 million
'OC METRO Minute,' April 30: UCI receives grant for Alzheimer's stem cell research
I-Flow, continued ...
The loss before income taxes for the first
quarter of 2009 was $2.7 million. The $2.7 million loss is primarily
attributable to a $1.5 million loss is recorded as part of litigation
and insurance charges, including $1.0 million in legal costs accrued to
defend intellectual property rights. This compares to a loss before income taxes for the first quarter of 2008 of $1.3 million. The company was cash flow positive for the first quarter of 2009.
"We grew our RA business at a healthy pace while dealing with the continued negative impact of the economic downturn on hospital admissions and the resulting diminished volume of surgical procedures,” says Donald M. Earhart, chairman and CEO. “We delivered this solid performance by finding better ways to serve customers and by focusing on our core message – that the use of ON-Q to relieve post-surgical pain results in a significant reduction in narcotics intake and significantly better pain relief than narcotics alone.”
<< PREVIOUS PAGE
Related headlines
‘OC METRO Minute,’ May 5: Mission Hospital named Employer of the Year
Former surgeon general to speak at UC Irvine
Newport Beach-based Alliance Healthcare's revenue hits $132 million
'OC METRO Minute,' April 30: UCI receives grant for Alzheimer's stem cell research
