Biolase Technology Inc.

The San Clemente medical products company reported a net loss of $1 million, or 6 cents a share, for the first quarter, compared with a net loss of $669,856, or 4 cents a share, for the same period last year. Sales declined 17% to $1.5 million. The company said results were affected by discounting of older products to clear out inventory in preparation for shipment of new dental laser systems.