Luther Loses $730,026 for Year

TUSTIN — Luther Medical Products Inc., which designs and manufactures catheter systems, reported a net loss of $730,026, or 23 cents a share, for the fiscal year ended June 30, compared with a net loss of $608,655, or 20 cents a share, for the prior year. Revenue increased 38% to $5.5 million from $4 million. For the fourth quarter, the company posted a net loss of $131,856, or 4 cents a share, compared with a year-earlier net loss of $222,079, or 7 cents a share. Revenue rose 23% to $1.6 million from $1.3 million.