VirtualScopics (VSCP) Reports Q1 Loss of $0.20

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VirtualScopics, Inc. Reports 2015 First Quarter Financial Results; Revenues Increase 20% From 2014 First Quarter

May 6, 2015 4:01 PM EDT

ROCHESTER, N.Y., May 6, 2015 /PRNewswire/ -- VirtualScopics, Inc. (NASDAQ: VSCP), a leading provider of clinical trial imaging solutions, today reported financial results for the first quarter ended March 31, 2015.  Revenues for the first quarter of 2015 rose 20% to $2,814,442 compared to revenues of $2,352,986 for the prior year period.  The company reported a net loss for the first quarter of 2015 of $552,670, or $0.20 per share, representing a 14% improvement from a net loss of $646,373, or $0.23 per share, reported in the first quarter of 2014.

"The 20% increase in revenue during the first quarter of 2015 is the result of... More