QT Vascular narrows FY14 loss to US$34.17m

Singapore

QT Vascular said on Wednesday that it has narrowed its net loss for the year ended Dec 31, 2014, to US$34.17 million, from US$34.52 million in the previous year.

Revenue more than doubled to US$13.16 million from US$5.47 million, mainly due to an increase in sales of its Chocolate PTA and Glider PTCA products with its distributors and direct coronary sales in the United States, it said.