May 13, 1987
Psicor Inc. reported that net income fell 4% to $275,000 and revenue increased by 39% to $6.9 million for the second quarter ended March 31. Net income fell by 5% to $480,000 and revenue rose by 37% to $13 million for the first half. Psicor "continued its strong performance and growth, but incurred a number of non-recurring expenses," including costs associated with the company's move from Michigan to a leased office and warehouse in San Diego, according to President Michael W. Dunaway.
May 3, 1988 |
Health care companies such as Psicor, a Rancho Bernardo-based provider of surgical services and equipment to hospitals, are finding an increasingly receptive market in today's cost-conscious health care environment. That acceptance is perhaps best illustrated by Psicor's 33% increase in second-quarter revenue and 81% jump in net income reported Monday.
August 12, 1987
Blaming changes in federal tax laws, Psicor Corp. reported a decrease in net income and higher sales for the third quarter ended June 30. For the quarter, the manufacturer of surgical perfusion devices reported earnings of $296,000 on sales of $7.6 million, compared to net income of $325,000 on revenue of $5.6 million over the comparable three-month period last year. Earnings were adversely impacted by the loss of the investment tax credit, the company said.