UPDATE 1-Hansen Medical loss wider than view, says CFO resign

Tue Feb 23, 2010 4:56pm EST

* Q4 loss/shr $0.31 vs est EPS $0.28

* Q4 rev $7.2 mln vs est $6.0 mln

* Says CFO Steve Van Dick resigns

* Names interim CFO

Feb 24 (Reuters) - Medical robotics company Hansen Medical Inc (HNSN.O) posted a wider-than-expected quarterly loss, and said its Chief Financial Officer Steve Van Dick resigned to pursue other opportunities.

The company named Peter Osborne as interim chief financial officer, effective Feb. 24, and said it had begun a search for a permanent replacement for Van Dick.

For the fourth quarter, the company posted a loss of $11.7 million, or 31 cents a share, compared with a loss of $15.9 million, or 63 cents a share, a year ago.

In the fourth quarter, the company had 37.5 million shares outstanding, compared with 25.2 million shares in the year-ago quarter.

Revenue rose 33 percent to $7.2 million.

Analysts on average had expected a loss of 28 cents a share, excluding special items, on revenue of $6.0 million, according to Thomson Reuters I/B/E/S.

Shares of the company closed at $2.48 Tuesday on Nasdaq. (Reporting by Shailesh Kuber in Bangalore; Editing by Anil D'Silva)

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