Entrepreneurs / Small Business  January 30, 2015

Boulder-based Encision posts loss, sees revenue drop 4 percent

BOULDER – Medical device manufacturer Encision Inc. (OTCQB: ECIA) on Friday reported a net loss of $417,000, or 4 cents per share, for the company’s fiscal third quarter that ended Dec. 31.

That follows a profit of $33,000, or less than 1 cent per share, for the same period a year earlier.

Revenue was down 4 percent for the period, from $2.7 million to $2.6 million.

SPONSORED CONTENT

Business Cares: March 2024

WomenGive, a program of United Way of Larimer County, was started in Larimer County in 2006 as an opportunity for women in our community to come together to help other women.

Gross margin, the company said, declined due to a variety of factors, including higher material costs, scrap costs, higher reserve for obsolescence and the mix of products sold.

Shares of the company rose 23 percent Friday, trading at 90 cents by mid-afternoon, though the stock is lightly traded.

Boulder-based Encision designs and manufactures instruments that prevent stray electrosurgical burns in minimally invasive surgery.

BOULDER – Medical device manufacturer Encision Inc. (OTCQB: ECIA) on Friday reported a net loss of $417,000, or 4 cents per share, for the company’s fiscal third quarter that ended Dec. 31.

That follows a profit of $33,000, or less than 1 cent per share, for the same period a year earlier.

Revenue was down 4 percent for the period, from $2.7 million to $2.6 million.

Gross margin, the company said, declined due to a variety of factors, including higher material costs, scrap costs, higher reserve for obsolescence and the mix of products sold.

Shares of the company rose 23 percent Friday, trading at…

Sign up for BizWest Daily Alerts