ST. LOUIS--(BW HealthWire)--Nov. 19, 1998--LASER VISION CENTERS, INC. (Nasdaq Symbol: LVCI) announced today that same U.S. laser revenue for its second quarter ended October 31, 1998, was up over 60% over the same quarter last year.
LaserVision operated 30 excimer lasers in U.S. during the quarter, however same U.S. laser revenue only compares the revenue of 23 lasers which were in operation in both the second quarters ended October 31, 1998 and October 31, 1997.
The Company said that in October it performed over 4,300 surgical cases in the United States and was the best month to date for U.S. case volume. The Company also reported that over 11,600 cases were performed on its U.S. laser systems during the quarter, a 109% increase over the same quarter a year ago and a 14% increase over the previous quarter. In addition, the Company said that 408 surgeons used its services during the quarter compared to 378 the previous quarter.
The Company noted that the October 31, 1998 quarter was the Company's tenth consecutive quarter of increased case volume.
Laser Vision Centers, Inc. is the world's largest operator of excimer lasers with locations in the United States, Canada, the United Kingdom, Ireland, Sweden, and Greece. The excimer laser is a device which allows eye surgeons to correct nearsightedness and astigmatism with an outpatient procedure which usually lasts less than one minute.
Except for historical information, statements relating to the Company's plan, objectives and future performance are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations. Because of various risks and uncertainties, actual strategies and results in future periods may differ materially from those currently expected. Additional discussion of factors affecting the Company's business is contained in the Company's most recent filings with the Securities and Exchange Commission.
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