Medstone International Inc.: The Irvine manufacturer of...

Medstone International Inc.: The Irvine manufacturer of medical equipment reported a net loss of $2.3 million for the third quarter, contrasted with a loss of $1.6 million for the 1989 third quarter. Revenue rose 42% to $1.7 million from $1.2 million. For the first nine months, Medstone incurred a net loss of $3.7 million, contrasted with a net loss of $1.5 million for the corresponding period in 1989. Revenue declined 12% to $8.6 million from $9.8 million. The company attributed the third-quarter loss to a lack of orders for its lithotripsy system, higher operating expenses and legal expenses associated with a shareholder class-action suit.