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Synovis Life Technologies fiscal Q2 net revenue up 13%

Synovis Life Technologies’ net revenue for the fiscal 2011 second quarter ended 30 April rose to $19.8m, a 13% increase over $17.6m in the year-ago period.

In the first half of fiscal 2011 net revenue rose to $39.3m, up 20% from $32.8m in the first six months of the prior fiscal year.

Peri-StripsDry revenue totaled a record $5.5m in the second quarter, a 19% increase from the year-ago period.

Revenue from Veritas was $3.8m in the second quarter, the third-highest revenue quarter ever for this product line.

Microsurgical products revenue totaled a record $3.5m in the second quarter, up 30% over the same period last year, with sales of the Coupler and Flow Coupler products up 38%.

Orthopedic and Wound product revenue totaled $1.1m for the second quarter, up 142% from $446,000 a year ago.

Net income for the fiscal 2011 second quarter was $2m, compared to net income of $1.2m in the fiscal 2010 second quarter.

Net income was $3.8m in the first half of fiscal 2011, compared to $1.9m in the first half of fiscal 2010.