Increased sales of its EOS systems and related maintenance revenues propelled orthopedic digital imaging firm EOS Imaging to a 36% increase in revenue in 2012. The company's net loss edged slightly higher, however.
For the year (end-December 31), EOS had revenues of 9.42 million euros, up from 6.94 million euros in 2011. The vendor sold 21 EOS systems in 2012, compared with 16 in 2011.
EOS had a net loss of 7.06 million euros, compared with a net loss of 6.55 million euros a year ago. The annual results were in line with expectations, according to the company.
In a statement, CEO Marie Meynadier said the February 2012 IPO gave the firm major financial resources, allowing for controlled commercial investments to bolster growth in 2013 and beyond. Strict cost control in 2012 has led to a comfortable level of cash, which the company expects to support continued growth in the drive toward profitability, Meynadier said.
