I-Flow Corp.: The Irvine medical products company...

I-Flow Corp.: The Irvine medical products company reported a 1996 net loss of $7.4 million, or 68 cents a share, which included a $7.7-million charge for writing off goodwill and purchased research and development and a $1.6-million restructuring charge related to the consolidation of Block Medical operations. Net income for the prior year totaled $1.1 million, or 12 cents a share. Revenue increased 39% to a record $13.9 million from $10 million. The company reported a net loss of $4.3 million, or 36 cents a share, for the fourth quarter, contrasted with net income of $493,000, or 5 cents a share, a year ago. Revenue was up 93% to $5.6 million from $2.9 million.