10:14 AM EST - Novadaq(R) Technologies Inc. : announced its financial results for the first quarter ended March 31, 2011. Total revenue increased by 7% to $2.9 million, compared to $2.7 million for the first quarter of 2010. Year-over-year growth includes a $284,000 increase in TMR products mainly due to a capital laser sale and a 15% increase in TMR consumable sales. Net loss decreased by 13% to $2.4 million, compared to a net loss of $2.7 million in the first quarter of 2010. Novadaq(R) Technologies Inc.
shares T.NDQ are trading up $0.11 at $4.20.
