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Article: Selfcare, Inc. Announces Second Quarter 1999 Results.
- Article from:
- PR Newswire
- Article date:
- August 5, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WALTHAM, Mass., Aug. 5 /PRNewswire/ -- Selfcare, Inc. (Amex: SLF) today announced financial results for the second quarter and six months ended June 30, 1999.
Net revenues for the second quarter were $27.3 million compared to $30.7 million reported for the comparable 1998 period. Gross profit on product sales for the quarter was $8.1 million compared to $8.5 million in the second quarter of last year. Revenues and gross profit were down from the comparable period in 1998, primarily due to interruptions caused by the launch of the upgraded FastTake(TM) blood glucose monitoring system. The effect of this interruption on revenue and gross profit was approximately ...