Birtcher Medical Systems
This article was originally published in The Gray Sheet
Executive Summary
Argon gas coagulation products manufacturer expects results for quarter ended Dec. 31 to fall below those of the same period last year, with a loss to be reported on sales of $11 mil. In the year-ago period, Birtcher lost $2 mil. on sales of $14.1 mil. ("The Gray Sheet" Feb. 3, p. 12). Factors cited for the disappointing results include lower-than-anticipated demand for endoscopic surgical equipment, delays in receiving FDA clearance of new devices, and "slower-than-anticipated growth from the company's newly reorganized domestic sales force." Earlier this year, Birtcher consolidated its own sales organization with that of Solos Endoscopy, which it acquired in December 1991....