ORANGEBURG, N.Y., Aug. 14, 2007 (PRIME NEWSWIRE) -- Vision-Sciences, Inc., (Nasdaq:VSCI) (“Vision-Sciences” or the “Company”), today announced results for its fiscal first quarter ended June 30, 2007 (“Q1 08"). For Q1 08, revenues were $2.4 million, an increase of 21% compared to $2.0 million for the fiscal quarter ended on June 30, 2006 (“Q1 07"). Net loss for Q1 08 was $1.4 million, or $0.04 per diluted share, compared to a net loss of $1.2 million, or $0.03 per diluted share in Q1 07. The increase in net loss in Q1 08 was due primarily to an increase in both sales and marketing and research and development expenses which was not fully offset by the Company’s increase in sales and gross profit as compared with Q1 07.
