PLYMOUTH, MN - Innovex Inc., reported a first-quarter loss of $7.9 million. After 9 years of continued losses, the company announced the Board of Directors will consider sale, merger or recapitalization to improve shareholder value.

The revenue for the quarter ending December 2007 was $20.8 million. This was down 20% compared to the previous year’s results.
 
Lower than anticipated revenue was linked to production delays related to Actuator Flex Circuit (AFC) that represents a third of the Innovex's revenue. Innovex’s primary business operations are located in Lamphun, Thailand.