CompuMed Losses Down From Year Earlier

CompuMed Inc., a provider of online interpretation of electrocardiograms, said its losses narrowed in its fiscal second quarter as it trimmed operating costs. The Manhattan Beach-based company lost $414,000, or 12 cents a share, compared with a loss of $636,000, or 7 cents, a year earlier. CompuMed cut staff from 34 to 24 and dropped unprofitable services, said President James Linesch. “We’re just running a very lean operation now,” he said. “We feel the company is much healthier than it was a year ago.” Revenue grew slightly to $465,000 from $460,000 a year ago. Nearly $450,000 of the recent quarter’s revenue came from the company’s computerized ECG telemedicine services. Investment in research and development, especially into digital bone-density monitoring, was up 26% to $210,000, it said. CompuMed’s stock closed unchanged at 94 cents on Nasdaq.