Worldwide Medical Reduces Its Losses

Irvine-based Worldwide Medical Corp. said it expects to report that its losses narrowed in the fourth quarter while revenue increased about 21%. The company, which provides a variety of diagnostic and educational tests, said losses for the three months ended Dec. 31 will total about $33,000, compared with $55,000 in the same period a year ago. Revenue increased to nearly $260,000 from $214,032.

For the year, the company said it expects to post a loss of $244,000, compared with a loss of $890,079 in 1997. Revenue was up 84% to $1.1 million from $597,000.