Hansen Medical skids to 52-week low on wider Q2 loss
Hansen Medical Inc. (Nasdaq:HNSN) has tumbled 13% today after posting a wider second-quarter loss after Thursday’s close. For the quarter ended June 30, net loss was $14.9 million, or $0.61 per share, compared with a net loss of $7.9 million, or $0.37 per share, for the same period a year earlier. Revenue grew to $5.8 million from $2.4 million. The Mountain View, Calif.-based medical robotic technology supplier said it encountered costs from new hires and costs associated with a new facility that negated its increased sales.
At 3:29 p.m. ET, shares are at $13.25, down $2 from Thursday’s close. Trading volume has jumped to almost 2 million shares, about four times the average. Shares hit a 52-week low early of $12.68 early in the trading day.
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