BEVERLY, MA and TORONTO--(Marketwired - May 28, 2013) - Hamilton Thorne Ltd. (TSX VENTURE: HTL), a leading provider of precision laser devices and advanced image analysis systems for the fertility, stem cell and developmental biology research markets, today reported operational and financial results for the first quarter ended March 31, 2013. In the first quarter of 2013, Hamilton Thorne's revenues increased to $1.74 million, exceeding the prior year by 10.6%, led by another strong quarter for its CASA image analysis products and the continued growth in sales of new LYKOS laser system, supported by stable sales of its established products.Operating expenses were $1.13 million for the quarter-ended March 31, 2013, reduced 19.6%, or $275,000, from $1.40 million in the previous year, and reduced significantly as a percentage of sales, down to 65% from 89% for the prior year. The net loss for the quarter-ended March 31, 2013 was reduced to $121,000 from $530,000 due to revenue and gross profit growth, reduced spending and reduced interest expense. "We are pleased to report that our efforts at managing the fundamentals of the business and our cost containment strategies have led to improvement across a number of important business metrics," said David Wolf, … Continue reading
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