UroMed Corporation Announces Second-Quarter Results:
biz.yahoo.com
NEEDHAM, Mass., July 16 /PRNewswire/ -- UroMed Corporation (Nasdaq: URMD - news) today reported revenues of $0.12 million for the second quarter ended June 30, 1998, compared with $0.2 million for the same period of 1997. UroMed reported a second-quarter 1998 net loss of $4.6 million, or $0.85 per share, compared with a net loss of $9.3 million, or $1.75 per share, for the comparable period of 1997. The company ended the second quarter of 1998 with cash, cash equivalents and short-term investments totaling $53.3 million.
For the six months ended June 30, 1998, UroMed reported revenues of $0.18 million, compared with revenues of $0.42 million for the same period a year ago. Net loss for the first six months of 1998 was $11.7 million, or $2.17 per share, compared with $17.6 million, or $3.32 per share for the same period in the prior year.
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