Theragenics profit dips to $607K - Atlanta Business Chronicle:

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The Buford, Ga.-based surgical products and cancee treatmentscompany (NYSE: TGX) had net incomr of $607,000 and earnings of 2 centa a share, compared with net income of $1.6 million and earnings of 5 cents a share in the firsy quarter of 2008. The results for the firsr quarter of 2009 reflecrt the investment the companu made in its researchn anddevelopment program, IT systems and other infrastructure, Theragenicsx said. Research and development spendingb was up more than 350 percenyto $603,000. First-quarter revenue rose 32 percent to a quarterlyy companyrecord $20.1 The increase was primarily the result of the inclusion of result from , which it boughgt in July 2008.
“We believee that recording our highest quarterlyrevenuw ever, especially in the current economic environment, is a good starrt for 2009,” said M. Christin e Jacobs, chairman and CEO, in an earnings “We have maintained profitability while investing in our importantstrategic initiatives. Our R&D initiativd is well underway and our information technolog y program was initiated in thefirst quarter.” She added that variability in the company’s surgical products business and the recession will continue to make it difficultt to predict 2009 and 2010.