TRIMEDYNE, INC. reported financial results for the fourth quarter and year ended September 30, 2013. For the year, the company reported revenues of $5,989,000, a 1.5% decrease from revenues of $6,080,000 for the prior fiscal year. The decrease was primarily due to the decrease in domestic Laser sales combined with the delaying of shipments of Fibers, Needles and Switch Tips resulting from the relocation to its new manufacturing facility in Irvine, California. The company had an operating loss of $368,000 for the 2013 fiscal year, compared to an operating loss of $1,170,000 for the prior fiscal year. The company had net income of $329,000 or 0.02 per share for the fiscal year ended September 30, 2013 as compared to a net loss of $836,000 or $0.05 per share for the prior fiscal year.

For the quarter, the company reported revenues of $1,263,000, a 13% decrease from revenues of $1,449,000 for the same quarter of the prior year. The company had an operating loss of $71,000 for the quarter ended September 30, 2013, compared to an operating loss of $340,000 for the same quarter of the prior year. The company had net income of $370,000 or $0.02 per share for the quarter ended September 30, 2013, versus a net loss of $314,000 or $0.02 per share for the year earlier quarter.