Moore Medical Corp. reported a net loss of $1.2 million for the fourth quarter, deterioration from a net loss of $378,000 last year.
The medical supplies direct marketer reported net sales of $34.1 million for the quarter ended Dec. 27, 2003, down from net sales of $34.9 million last year.
The New Britain, CT firm reported a net loss of $1.5 million for the year ended Dec. 27, down from net income of $978,000 last year.
Net sales for the year were $141.7 million, up from $137.8 million last year.
“The year 2003 was challenging for Moore Medical,” said CEOI Linda M. Autore in a statement. “The investments we made in the company’s field sales force, product portfolio and technology were not enough to overcome the barriers of entry into certain specialty markets in 2003. Additionally, the results that were achieved in 2003 did not offset the costs and expenses necessary to maintain our infrastructure as an independent public company.”
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