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eyeonics reports $5.5 million in first quarter revenue

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ALISO VIEJO, Calif. — For the first quarter of 2007, eyeonics reported $5.5 million in revenue, a 36% increase over the first quarter 2006. In addition, implantations of the company's crystalens accommodating IOL increased more than 45% year-over-year and it has now been used in more than 70,000 patients, according to a press release from the company.

For the first quarter 2007, eyeonics reported an operating profit of $500,000. In comparison, the company experienced a net loss of $2.3 million for the first quarter of last year.

Company officials attributed the improved performance to a restructuring implemented in mid-2006, which emphasized new product development, according to the release.