Bovie Medical (BVX -8.7%) crumbles after reporting an 18% Y/Y decline in revenues. The company...

|About: Bovie Medical Corporation (BVX)|By:, SA News Editor

Bovie Medical (BVX -8.7%) crumbles after reporting an 18% Y/Y decline in revenues. The company says Q1 results were hurt by "the completion of two large OEM contracts in 2012, a new medical tax, legal costs, [and] increased development and marketing costs for J-Plasma" — costs and expenses rose 17.3% Y/Y for the period. (PR)