Luther Medical Products Inc.: The Tustin catheter...

Luther Medical Products Inc.: The Tustin catheter company said it lost $961,923, or 34 cents a share, for its fiscal year ended June 30, which included a loss on the disposal of business of $182,671. That contrasted with a profit of $44,510, or 2 cents a share, for the previous fiscal year. Revenue declined 18% to $2.3 million from $2.8 million. For its fourth quarter, the company reported a loss of $396,361, or 13 cents a share, compared to a loss of $19,908, or 1 cent a share, for the same period a year earlier. Three-month revenue rose 11% to $672,322 from $607,914.