DJO calls sales good, finishes quarter with a loss.(financial news)(Financial report)(Brief article)

DJO, the Vista maker of prosthetic devices, reported July 30 a net loss of $13.1 million on revenue of $235.1 million for the second quarter. That compared to a net loss of $20.8 million on revenue of $241.4 million for the second quarter of 2008.

DJO, a former public company merged with privately held Reable Therapeutics in 2007, still files quarterly financial reports because it has about $775 million in debt that is traded publicly.

For the first six months of 2009, DJO said it had a net loss of $27.4 million on revenue of $452.7 million, compared to a net loss of $44.9 million on revenue of $473.4 million for the first half of 2008.

Despite the drop-off in profit and revenue, CEO Les Cross said he was pleased with the results, which reflected good sales traction in many business units. Excluding unfavorable effects of changes to foreign exchange rates, the company would have higher net sales in the second quarter over the prior year's quarter, he said.

In other news, DJO said Aug. 5 its Canadian subsidiary acquired two Canadian distributors in separate transactions. Terms were not disclosed.

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