EDAP TMS SA (EDAP) Posts Stronger Q1 Financials Driven by Device Sales
EDAP TMS SA, a global leader in therapeutic ultrasound, today announced financial results for the first quarter ended March 31, 2011, demonstrating growth across the board. All financial figures are expressed in U.S. dollar amounts. Total revenue for the first quarter 2011 increased by 12.1 percent to $6.8 million compared to $5.9 million reported for the first quarter of 2010, reflecting strong lithotripsy device sales. "Our innovative lithotripsy product line continues to be well received by the global urology community as exemplified by the strong reception received at the recent EAU, JUA and AUA meetings. During the first quarter, we…