ChromaVision Reports Fourth Quarter and Year-End 1997 Results

ChromaVision Medical Systems Inc. reported a net loss of $1.4 million or $0.08 loss per share in the fourth quarter ended December 31, 1998, as compared with $2 million or $0.19 loss per share for the prior year.

For the year ended December 31, 1997, the company incurred a net loss of $6.3 million or $0.47 loss per share as compared with a net loss of $4.4 million for the same period in 1996.

The company was incorporated on March 28, 1996, therefore, per share information is not comparable for the year ended December 31, 1996.

ChromaVision Medical Systems was formed by XL Vision Inc., and is a Safeguard Scientifics Inc. partnership company.