Patient Safety Technologies (PSTX) Posts Q2 Sales Topping Estimates and Prior Year Figures
Company post mixed Q2 results; provides expanded customer base highlights Patient Safety Technologies, Inc., operating through its subsidiary SurgiCount Medical Inc., today announced its second-quarter results for the three months ended June 30, 2012. Total revenue for the second quarter of 2012 was $4.4 million, ahead of analyst estimates of $3.2 million, and representing an increase of 71 percent over $2.6 million in sales reported for the second quarter of 2011. Second-quarter net income of (non-GAAP) $0.2 million was lower than the $0.3 million reported for the comparable quarter of the year prior. The company attributes the quarter’s profit growth…