Encision trims loss but revenue declines

BOULDER — Medical-device manufacturer Encision Inc. (PK: ECIA) on Tuesday reported revenue of $2.3 million and a loss of $200,000, or 2 cents per share, for its fiscal 2016 third quarter that ended Dec. 31.

The Boulder-based company makes tools for surgeons that prevent stray electrosurgical burns in minimally invasive surgery.

The results compare with revenue of $2.6 million for a net loss of $417,000, or 4 cents per share, for the same quarter a year ago.

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For nine months, the company posted revenue of $7 million and a loss of $598,000, or 6 cents per share, compared with revenue of $7.4 million and a loss of 1 million or 10 cents per share, for the same period a year ago.

In the coming quarter, Encision is expected to release it latest innovation — the AEM EndoShied 2 Burn Protection System. The company said the reposable monitor will reduce the cost per procedure to a hospital and will interface with its existing electrosurgical generators.

Encision’s stock is trading at 60 cents per share. Its 52-week range is 27 cents to 90 cents per share.