LED Medical Diagnostics cuts losses, ups sales

LED Medical Diagnostics, parent company of LED Dental, reported revenues of $6.3 million for the 2012 fiscal year (end-December 31), an 11% increase over revenues of $5.7 million in fiscal year 2011.

The company attributed the uptick to increased sales by former distribution partner Henry Schein during the first half of the year, plus sales orders received from its new distribution partner, Denmat, in late 2012.

The company reported a net loss of $867,000 for the year, compared with $4.1 million in 2011.

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