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Imricor Medical Systems Q2 Loss Narrows, Revenue Down

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Imricor Medical Systems' (ASX:IMR) second-quarter net loss was $7.4 million, compared with $7.8 million in the prior-year quarter, according to a Monday Australian bourse filing.

Revenue for the three months ended June 30 came in at $60,500, compared with $65,200 in the year-ago period, the medical device company said.

The company said it is expanding its US commercial team, with additional hires to be added during the September and December quarters to cover new regions of the US.

Imricor Medical Systems' shares rose nearly 3% in recent trading on Monday.

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