Gish Biomedical’s Annual Net Income Grows by 27%

Gish Biomedical Inc., the Santa Ana manufacturer of medical devices, posted net income for the year ended June 30 of $1.9 million, or 58 cents per share, up 27% from the previous year’s $1.5 million, or 48 cents per share. Sales rose 10%, to $20.1 million from $18.3 million.

Net income for the fourth quarter totaled $550,000, or 18 cents per share, on revenue of $5.3 million. For the corresponding period last year, net income was $574,000, or 18 cents per share, on revenue of $5.1 million.