Laser Medical Technology Inc.: The San Clemente...

Laser Medical Technology Inc.: The San Clemente manufacturer of laser products and specialized biomaterials posted a net loss for the first quarter of 1994 of $138,000 or 2 cents a share, contrasted with a net loss of $1.6 million, or 34 cents a share, for the first quarter of 1993. Included in the 1994 results is a gain of $421,000 from the ending of the company’s royalties due its founder and former chairman, as well as a $504,000 gain on the liquidation its foreign subsidiary. Sales dropped to $168,000 from $478,000.