Replies to post #18 on LCA-Vision Inc./LasikPlus (LCAV)

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Fundamentals point to continued problems.

LCA-Vision narrows 2Q loss

Business Courier
Date: Tuesday, July 26, 2011, 9:09am EDT -

LCA-Vision CFO Michael Celebrezze said the company increased same-store procedures despite continued challenges in the economy.
LCA-Vision Inc. LCA-Vision Inc.

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Follow this company narrowed its second-quarter loss to $2.7 million, as the company recognized the benefits from closing underperforming locations and reducing costs.

Cincinnati-based LCA-Vision (NASDAQ: LCAV) is a provider of laser vision correction surgery services.

On a per-share basis, the company reported a loss of 15 cents vs. a loss of 23 cents in the same quarter last year. Analysts had expected a loss of 11 cents, according to Thomson First Call.

LCA-Vision's quarterly revenue declined 7 percent to $24.4 million and procedure volume dropped to 14,081 from 15,266 procedures a year ago. On a same-store basis, revenue increased 2 percent.

"We increased same-store procedures in the second quarter despite the challenging economic environment and cautious discretionary spending," said LCA-Vision Chief Financial Officer Michael Celebrezze in a press release.

Net loss: $2.7 million vs. $4.3 million in last year's second quarter

Loss per share: 15 cents vs. 23 cents in last year's second quarter

Revenue: $24.4 million, -7%

Procedure volume: 14,081 vs. 15,266 procedures a year ago.