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Surgical Laser Reports Financial Results, Suit Settlement

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MONTGOMERYVILLE, Pa., May 7 -- Surgical Laser Technologies Inc. announced that sales for the first quarter of 1999 were $2,262,000, compared to results of $2,367,000 for the first quarter of 1998. The net loss for the first quarter of 1999 was $277,000, or $.14 per share, compared to a net loss of $461,000, or $.23 per share in the same period last year. The company also reported that it has settled the patent infringement suit brought by Trimedyne, Inc. in US District Court in California. A lower court ruling, later affirmed in appellate court, found that SLT's contact probes did not...Read full article

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    Published: May 1999
    News & FeaturesLasers

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