CAS Medical Systems, Inc. Announces Third Quarter 2013 Financial Results

BRANFORD, Conn., Nov. 12, 2013 (GLOBE NEWSWIRE) -- CAS Medical Systems, Inc. (Nasdaq:CASM) (CASMED), a leader in medical devices for non-invasive patient monitoring, today reported financial results for the three and nine months ended September 30, 2013. Net sales for the third quarter of 2013 were $5.4 million, compared with $6.1 million for the third quarter of 2012. The decline was primarily due to lower sales of vital signs monitors to the Veterans Administration. The net loss applicable to common stockholders for the third quarter of 2013, including an impairment charge, was $3.3 million, or ($0.19) per common share, compared with a net loss applicable to common stockholders of $1.8 million, or ($0.14) per common share, for the third quarter of 2012.

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