CompuMed, Inc. Announces Fiscal 2002 Year-End Financial Results.

Publication: PR Newswire

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COPYRIGHT 2002 PR Newswire Association LLC

Reports Smaller Loss & New Marketing Initiatives

CompuMed, Inc. (BULLETIN BOARD: CMPD) -- a medical informatics company serving the healthcare community with diagnostic software solutions -- today announced year-end results for fiscal year 2002, which ended September 30.

Total revenues for fiscal year 2002 were $1,955,000, compared to $1,927,000 in fiscal 2001. Net loss was $494,000 or $0.03 per share, compared to a loss of $897,000 or $0.05 per share for the prior fiscal year. The Company's cash and marketable securities balance was $327,000 on September 30, 2002.

Revenues from CompuMed's electrocardiogram (ECG) core products, supplies and services increased 1% to $1,696,000 from $1,673,000. ECG sales decreased during fiscal 2002 to $138,000 versus $185,000 due to the continuing trend towards equipment...

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