VELscope maker releases latest financialsBy DrBicuspid Staff
May 15, 2012 -- LED Medical Diagnostics, the Canadian manufacturer of the VELscope oral-cancer detection device, reported revenues of $1.8 million (US$1.78 million) for the first quarter of 2012 (end-March 31), down from $3.1 million (US$3.07 million) for the same quarter a year ago.
The company reported a loss of $387,600 (US$385,000) in the first quarter, compared with $525,671 (US$521,900) for the same quarter in 2011.
The VELscope, which is marketed through the company's LED Dental subsidiary, is now available in 23 countries, the company noted in a press release.
"We have just started penetrating the global dental market and now have had 10,000 dentists do 1 million oral scans," said Peter Whitehead, CEO of LED Medical Diagnostics.
Crest Oral-B announce latest Pros in the Profession winner, December 16, 2011
Henry Schein to distribute VELscope globally, December 6, 2011
VELscope Vx gains European marketing approval, August 31, 2011
LED Dental adds camera to VELscope Vx, July 27, 2011
VELscope Vx gains FDA clearance, November 23, 2010
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Last Updated cp 5/15/2012 2:39:39 PM