August 6, 2010
Heartware Revenues, Losses Rise
By Brandon Butler
Framingham-based medical device maker Heartware International Inc. recorded a $10 million loss on $9.8 million in revenues during the most recent quarter.
Revenues increased from $3.0 million during the same period last year, but expenses for the company also rose from $7.2 million to $15.2 million year-over-year.
Losses for the company increased from $6.9 million to $10 million.
The company credited the increased revenues to market penetration outside of the United States. Eighty percent of the quarter's revenues came from the international market.
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