BOUNTIFUL — Medical safety needles company Specialized Health Products International Inc. on Friday reported a net loss of $283,000, or 1 cent per share, for the quarter ended March 31. That compares with a loss of $736,000, or 4 cents per share, for the same period a year ago.
Revenue totaled $1.1 million, up from $488,000 a year earlier.
Jeff Soinski, president and chief executive officer, said that without material adverse effects, the company is on track to "achieve sustainable profitability" by the fourth quarter.
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The company's stock price was unchanged Friday at $1. During the past year, the price has ranged from 64 cents to $1.74.