IVAX Diagnostics, Inc. Reports Third Quarter Results

MIAMI--(BUSINESS WIRE)--IVAX Diagnostics, Inc. (AMEX:IVD) reported net revenues for the third quarter of 2006 of $4,852,000, a 3.9% increase over net revenues of $4,669,000 for the same period of 2005. IVAX Diagnostics reported a net loss of $1,268,000 for the third quarter of 2006 compared to a net loss of $1,100,000 for the third quarter of 2005. Net revenues for the nine months ended September 30, 2006 totaled $14,933,000, a decrease of $363,000, or 2.4%, from the $15,296,000 reported for the comparable period of the prior year. The net loss for the nine months ended September 30, 2006 was $2,183,000 compared with a net loss of $106,000 for the comparable period of the prior year.

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