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Spectral Diagnostics Inc.

09:43 AM EST - Spectral Diagnostics Inc. : reports second-quarter loss widened to $701,000 from $419,000 in the year-earlier period. Loss per share for the quarter was $0.03, wider than $0.02 in the previous year. The second-quarter loss included the consulting costs and foreign exchange loss, totaling $248,000, and an unrealized loss on the Company's bond portfolio of $91,000, the company stated. Sales for the second quarter decreased to $776,000 from $785,000 in the prior year. Management expects that the company will maintain a cash and short-term investment balance of around $3 million for the rest of 2009. Spectral Diagnostics Inc. shares T.SDI are trading even at $0.27.