BRANFORD, Conn., March 09, 2017 (GLOBE NEWSWIRE) -- CAS Medical Systems, Inc. (NASDAQ:CASM) (CASMED), a leader in medical products for non-invasive patient monitoring of tissue oxygenation, today reported financial results for the three and 12 months ended December 31, 2016.
Net sales from continuing operations for the fourth quarter of 2016 were $5.5 million, up 3% from $5.3 million for the fourth quarter of 2015. The Company incurred a net loss applicable to common stockholders for the fourth quarter of 2016 of $1.9 million, or $0.07 per share, compared with a net loss applicable to common stockholders for the fourth quarter of 2015 of $2.1 million, or $0.08 per share.
Highlights for the fourth quarter and full-year 2016 compared with their respective prior-year periods include the following:
