Viking Systems, Inc. (VKNG) Posts Q1 Results, Business Update
Viking Systems, a developer, manufacturer, and marketer of 3D and 2D visualization solutions for complex minimally invasive surgery, today posted its first-quarter results for the three months ended March 31, 2012. Viking reports a 13 percent year-over-year increase in 2012 first-quarter revenues to $3.5 million, an increase of 61 percent compared to fourth quarter 2011 revenues. Gross profit for the quarter was $959,000, an increase of 47 percent year-over-year, and an increase of 138 percent compared to the fourth quarter of 2011. Net loss for the quarter was $401,000, compared with a loss of $446,000 in the first quarter of…