EDAP Reports 12.1% Rise In Q1 Revenue

EDAP TMS SA EDAP released its results for the first quarter on Tuesday. EDAP reported its total revenue at EUR 4.9 million (USD 6.8 million), up from EUR 4.3 million (USD 5.9 million), in the year-ago quarter. EDAP reported its net income at EUR 213,000 (USD 295,000), or EUR 0.02 per share, versus a net loss of EUR 2.6 million (USD 3.5 million), or EUR 0.24 per share, in the year-ago quarter. The latest quarter net income included non-cash interest income of EUR 1.6 million (USD 2.2 million). Its gross profit surged 15.2% to EUR 2.0 million (USD 2.7 million), from EUR 1.7 million (USD 2.3 million). EDAP shares closed at $3.71 yesterday. Read more from Benzinga's Company news.