MedCom USA:

The Irvine electronic processor of transactions in the health-care industry posted a fiscal second-quarter net loss of $2 million, or 10 cents a share, compared with a year-earlier net loss of $1.4 million, or 15 cents a share. Revenue for the quarter ended Dec. 31 more than doubled to $795,192 from $394,561. The company also said it is withdrawing its proposal for a reverse stock split after being notified it meets the requirements for continued listing on the Nasdaq SmallCap Market. The action was proposed to assure compliance.