May 3, 2007
LeMaitre posts income loss as sales climb
By Matthew L. Brown
Burlington-based LeMaitre Vascular Inc. reported a first quarter net loss of $629,000 and an operating loss of $977,000 for the same period.
During the first quarter of 2006, the company reported net income of $370,000 and an operating profit of $462,000.
The medical device maker said the first quarter losses were "primarily due to the growth of the sales force, and consistent with the company's post-IPO investment plan."
The company reported net sales for the quarter of $9.9 million, a 15 percent increase over the same period a year ago.
During the first quarter of 2006, the company reported net income of $370,000 and an operating profit of $462,000.
The medical device maker said the first quarter losses were "primarily due to the growth of the sales force, and consistent with the company's post-IPO investment plan."
The company reported net sales for the quarter of $9.9 million, a 15 percent increase over the same period a year ago.
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