News
MTS Medication Technologies, Inc. Announces First Quarter Financial Results
ST. PETERSBURG, Fla. - August 13, 2009 - MTS Medication Technologies, Inc. (NasdaqCM:MTSI), an international provider of medication adherence packaging systems, today announced its financial results for its first quarter ended June 30, 2009.
Net sales for the first quarter decreased 10.4% to $17.4 million from $19.4 million in the prior year’s first quarter. Net loss was $33,000, or $0.01 per diluted common share, compared with net income of $374,000, or $0.06 per diluted common share, in the prior year’s first quarter. Net sales associated with consumables in the U.S. long-term care market increased approximately 4.2%. Net sales through European operations increased 16.6% when expressed in the functional currency in which the products are sold and decreased 6.6% when expressed in U.S. dollars. Continue