Viking Systems Inc. (VKNG) Posts Q2 Financials with Revenue Boost, Wider Loss
Viking Systems Inc., a leading worldwide developer, manufacturer and marketer of 3D and 2D visualization solutions for complex minimally invasive surgery, today announced results for the first quarter ended March 31, 2011. The company reported a 63 percent increase in first-quarter revenues at $3.1 million compared to $1.9 million reported in the first quarter of 2010. The increase was driven by increased sales of Viking’s 3D vision systems, which the company sold 21 of in the first quarter of 2011 compared to the sale of one system in the first quarter of last year. Gross profit for the quarter was…