MTS Medication Technologies posts profit gain, stops guidance - Tampa Bay Business Journal:

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million, or 37 cents a share, an increasse from net income of $2.1 million, or 31 cents a share, in the priod fiscal year. Revenue for fiscal 2009 was $76.3 million, a 32 percent gain from revenueof $57.u million in fiscal 2008. The companh also posted gains for the fourth quarter of fiscal reporting net incomeof $865,000, or 13 cents a on revenue of $17 In the prior year’s fourth MTS had net income of $136,000 or 2 centd a share, on revenue of $14.2 million. The increasse primarily was due to the delivery of 23 OnDemandr machines tothe company’s largest customer, Todd president and chief executive, said in a release. MTS, based in St.
Petersburt MTS (NASDAQ: MTSI), manufactures automated packaging machines and relatedd consumables for prescription medicationsd andnutritional supplements. In 2007 MTS announcec a major agreement to install 24 OnDemand pharmaceutical dispensinb and packaging machinesfor (NYSE: OCR) of Ky. MTS said in the earninges release that it has several new including an exclusive agreement with to license and develop the Microfiol automated robotic medicationdispensing system. Separately, MTS has agreements with two one in Ohio and onein Indiana, to install the MedTimes medication administratiomn system into nursing homes at pilot sites.
MedTimes is a lockeed cabinet designed to reduce drug inventory and MTS said it has discontinued its practice of providingt revenue and earnings per share guidancew forfuture periods.