MINNEAPOLIS--(BUSINESS WIRE)--Possis Medical, Inc. (NASDAQ:POSS), a developer, manufacturer and marketer of pioneering medical devices used in endovascular procedures, today reported results for its fiscal 2007 fourth quarter and full year. For the fourth quarter ended July 31, 2007, Possis delivered net sales of $19.0 million, an 18 percent increase from fiscal 2006 fourth-quarter sales of $16.0 million. The Company reported fourth-quarter net income of $72,000, or $0.00 per diluted share, versus net income of $479,000, or $0.03 per diluted share, for the prior-year period. This includes stock-based compensation expense of $531,000, net of tax, or $0.03 per diluted share, and $710,000, net of tax, or $0.04 per diluted share, for the fiscal 2007 and 2006 fourth quarters, respectively.
