Psicor Reports Rise of 39% in Revenue

Psicor Inc. reported that net income fell 4% to $275,000 and revenue increased by 39% to $6.9 million for the second quarter ended March 31. Net income fell by 5% to $480,000 and revenue rose by 37% to $13 million for the first half.

Psicor “continued its strong performance and growth, but incurred a number of non-recurring expenses,” including costs associated with the company’s move from Michigan to a leased office and warehouse in San Diego, according to President Michael W. Dunaway.

Psicor supplies skilled technicians, equipment and supplies to hospitals performing open-heart surgical procedures.