American Marconi Wireless News - Encision Inc. Announces Fiscal 2026 Fourth Quarter and Full Year Results

Encision's CEO Robert Fries commented, "The Company's sales were down 12% from the prior quarter. January and February's sales were below normal in part because of fewer selling days in those months and we expect sales to return to more typical levels in the next quarter. We believe sales have continued to decline in part because procedures performed by Intuitive's surgical robots have replaced procedures that have historically used our instrumentation. According to Intuitive's publicly available safety information, there are potential risks during surgery of any inadvertent burns to organs, structures, or tissue. Encision's burn protection technology is designed to eliminate the risk of such burns."

"By the end of February, we completed our restructuring and substantially reduced targeted operating expenses. As a result, we were profitable in March on an operating income basis and we expect the next quarter to be profitable, representing a turnaround from the losses of previous quarters."

After a review of the cash flow forecast for the next twelve months, there are no going-concern considerations.

Encision designs and markets a portfolio of high-performance surgical instrumentation that delivers advances in patient safety with AEM technology, surgical performance, and value to hospitals across a broad range of minimally invasive surgical procedures. Based in Boulder, Colorado, the company pioneered the development and deployment of Active Electrode Monitoring, AEM technology, to eliminate dangerous stray energy burns during minimally invasive procedures.

Encision Inc.
Condensed Statements of Operations
(unaudited)

Contact:

Mala Ray
[email protected]
303-339-6901

SOURCE: Encision, Inc.

View the original press release on ACCESS Newswire

S.Gregor--AMWN