Corgenix Medical Corporation (CONX) Reports Loss for Year
Corgenix Medical Corporation reported a net loss of $1.57 million, or $0.05 per share, for fiscal year 2009. Revenues were $8.06 million for the year, down from $8.35 million reported last year. Despite the loss, the results were a slight improvement over the fiscal 2008 when Corgenix Medical Corporation lost $2.1 million, or $0.06 per share. The company ended the fiscal year with $785,000 in cash, against long term debt of $744,000. The company blamed the results on the impact of the recession on its customers. “We were obviously disappointed with the decline in revenue," said Douglass Simpson, the CEO…