Vycor Medical, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 12, 2019 at 06:35 am EST
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Vycor Medical, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was USD 346,308 compared to USD 456,213 a year ago. Operating loss was USD 191,673 compared to USD 132,724 a year ago. Net loss was USD 209,609 compared to USD 152,179 a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.01 a year ago. For the nine months, sales was USD 1.126 million compared to USD 1.082 million a year ago. Operating loss was USD 521,797 compared to USD 852,922 a year ago. Net loss was USD 575,211 compared to USD 897,399 a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.06 a year ago.
Vycor Medical, Inc. provides surgical and therapeutic solutions. The Company designs, develops and markets neurological medical devices and therapies. The Company operates through two segments: Vycor Medical and NovaVision. The Vycor Medical segment designs, develops and markets medical devices for use in neurosurgery. The NovaVision segment provides non-invasive rehabilitation therapies for those who have vision disorders resulting from neurological brain damage such as that caused by a stroke. Vycor Medical's product Vycor Medical's ViewSite Brain Access System (VBAS) is a next generation retraction and access system. Vycor Medical focuses on brain and cervical surgical access systems for sale to hospitals and medical professionals. NovaVision's products include Vision Restoration Therapy (VRT), NeuroEyeCoach and Neuro-Eye Therapy (NeEt). The Company operates in the United States and Europe.
VYCOR MEDICAL, INC. 
