Profitability can wait, let's boost sales first

CAN profitability ever be bad for a company? Yes, if it comes at the expense of long-term sustainability, according to Eitan Konstantino, chief executive of loss-making QT Vascular.

But Mr Konstantino has a plan. He reckons that the inflatable catheter maker just has to double its sales before shifting its focus to positive earnings.

Recent approval to sell a key product in an underserved segment should give a boost to achieving that goal, but in the meantime growing sales and investing in research will remain the priority, Mr Konstantino said.