Diagnostic Ventures Cites Accounting Change in Loss

Diagnostic Ventures reported a loss of $338,431 for the fiscal year ended June 30, contrasted with net income of $135,625 in the previous fiscal year. The Newport Beach-based medical equipment leasing company said the loss was due to a change in accounting methods, as well as an increase in cost and expenses for expansion.

Revenues of $3.8 million were more than double the $1.4 million posted a year earlier.