IRVINE, Calif.--(BUSINESS WIRE)--May 23, 2006--Trimedyne, Inc. (OTCBB:TMED - News) today reported an 11% increase in revenues to $1,545,000 for the quarter ended March 31, 2006, compared to revenues of $1,392,000 for the same quarter of the prior year. Net profit was $83,000 or $0.01 per share for the current quarter, compared to a net loss of $24,000 or $0.00 per share in the prior year quarter. Cost of goods increased to 60% of sales in the current quarter, from 49% in the year ago quarter, due to an increase in the cost of raw materials and overtime wages incurred in increasing production to compensate for the expected loss of manufacturing capacity during the relocation of the Company’s offices and production facilities in May 2006 to a newer building in an adjoining suburb.
