ST. PAUL, Minn.--(BUSINESS WIRE)--Synovis Life Technologies, Inc. (Nasdaq:SYNO), today reported financial results for the third fiscal quarter ended July 31, 2007. Third-quarter consolidated net revenue rose to $18.2 million, a 39 percent increase over $13.1 million in the year-ago period and a 10 percent sequential gain over fiscal second-quarter revenue of $16.6 million. Surgical business revenue reached $9.9 million in the third quarter, the fifth consecutive record-revenue quarter for this segment, and a 35 percent increase from $7.3 million in the year-ago period. Interventional business revenue rose to $8.3 million in the quarter, 45 percent higher than revenue of $5.7 million a year earlier. The company reported third-quarter net income of $1.2 million, or $0.10 per diluted share, compared with a net loss of $526,000, or $0.04 per share, in the year-earlier period.
