This article is more than 5 years old. Information may no longer be current.

TLC Vision posts $6.7 million net loss in third quarter

Add topic to email alerts

Receive an email when new articles are posted on

Please provide your email address to receive an email when new articles are posted on .

Subscribe

Added to email alerts

You've successfully added to your alerts. You will receive an email when new content is published.

Click Here to Manage Email Alerts

You've successfully added to your alerts. You will receive an email when new content is published.

Click Here to Manage Email Alerts

Back to Healio

We were unable to process your request. Please try again later. If you continue to have this issue please contact customerservice@slackinc.com.

Back to Healio

ST. LOUIS — TLC Vision reported a third-quarter consolidated net loss of $6.7 million, or $0.13 per diluted share, compared with a net loss of $22.6 million, or $0.45 per diluted share, reported during the third quarter of 2007, the company announced in a press release.

Net revenues for the quarter totaled $57.5 million, a 17% decrease from $69.7 million during the same period last year. The company's refractive center revenues were down 29% compared with the same period in the previous year, to $28.5 million, due to weakening industry demand, the release said.

Total center procedures for the third quarter were 19,800 a 31% decrease as compared with the same period in 2007.

Eye care revenue increased 5% to $6.4 million due to increased franchises and revenue per franchise, the release said.