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NDQ.TO), a developer of real-time medical imaging systems, on Tuesday reported wider loss for the fourth quarter compared to the third quarter due to higher expenses, despite revenue increase.

Net loss for the quarter rose to approximately US $4.43 million from nearly US $4.08 million in the third quarter, primarily as a result of an increase in sales and marketing costs of approximately US $449 thousand, an increase in general and administrative expenses of approximately US $138 thousand, an increase in research and development costs of US $81 thousand which were partly offset by an increase in gross profit of US $372 thousand.

Quarterly revenue increased 37% to about US $2.96 million from US $2.15 million in the prior quarter. Recurring revenue, which includes consumable kit and rental revenue, rose to about US $1.41 million in the quarter from nearly US $1.24 million in the prior quarter. Capital sale revenue increased to US $1.27 million from US $617 thousand in the prior quarter, while service revenue decreased in the fourth quarter by approximately 3% from the third quarter.

For fiscal 2007, the company reported wider net loss of US $15.66 million or US $0.70 per share compared to US $11.04 million or US $0.57 per share a year ago. Full year revenues surged to US $10.29 million from US $2.18 million in the previous year. NDQ.TO closed Monday's regular trading on TSX at C$5.02. Get All Breaking News & Alerts Delivered Right to Your Desktop China Automotive Reports Higher Profit For Q4 Â " Update.

CAAS 3 25 2008 8:01:51 AM Tuesday, before the bell, China Automotive Systems, Inc. CAAS), power steering components and systems supplier in China, reported an increase in net income and revenue for the fourth quarter.

For the fourth quarter, net income increased to US$2.2 million or US$0.09 per share from US$1.4 million or US$0.06 per share in the year-ago period. Quarterly gross profit amounted to US$12.7 million, up 48% from US$8.5 million in the year-ago quarter. Total net sales for the quarter rose 36.3% to US$37.7 million from US$27.7 million in the previous year. For the full year 2007, net income increased to US$8.85 million from US$4.81million last year.

On a per share basis, earnings rose to US$0.37 from US$0.21 in the prior year. Total net sales increased to US$133.6 million from US$95.8 million in the year-ago period. Net sales from steering components for passenger and light-duty vehicles was US$83.9 million, net sales from steering components for commercial vehicles was US$35.8 million. Shares of CAAS ended Monday's session at $5.20. Get All Breaking News & Alerts Delivered Right to Your Desktop 49.

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