CHF Solutions Q4 Loss Widens

(RTTNews) - CHF Solutions Inc. (CHFS) reported that its fourth-quarter net loss was $7.14 million or $10.00 per share compared to a loss of $2.90 million or $133.36 per share last year.

"We are pleased with our fourth quarter and year performance, as we achieved double-digit revenue growth over 2016. I'm particularly proud with the execution of our business plan that drove the last quarter of the year, setting us up for continued progress into 2018. We are committed to increasing our footprint in the market, and the hiring of sales staff as well as the expansion of our international distribution channels, will go a long way toward that goal," said John Erb, CEO of CHF Solutions.

Net sales for the quarter rose to $831 thousand from $746 thousand last year.o